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House Prices Fall Faster
Source: Bloomberg News |
September 2, 2011, Friday
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Print Edition
Print Edition
UK house prices fell the most in 10 months in August as a slowing economic recovery threatens to undermine demand, according to Nationwide Building Society.
The average cost of a home dropped 0.6 percent to 165,914 pounds (US$269,800) from July. Values were down 0.4 percent from a year earlier. The market is struggling as banks restrict lending and inflation erodes spending power.
The average cost of a home dropped 0.6 percent to 165,914 pounds (US$269,800) from July. Values were down 0.4 percent from a year earlier. The market is struggling as banks restrict lending and inflation erodes spending power.
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