House prices drop 0.7% - Nationwide

Aug. 1, 2012
UK house prices slipped 0.7% in July, according to Nationwide’s latest house price index. The average price of a home stands at £164,389. This was the fourth time in five months that prices declined, pushing the annual pace of price growth down to -2.6% from -1.5% in June, a level not seen since August 2009. Robert Gardner, Nationwide's chief economist, …

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