Nationwide predicts further drop in house prices

July 4, 2005
Mortgage lender Nationwide has said house prices are likely to keep falling after a weak June. The company said prices in June were on average 0.2% lower than in May. The rising numbers of property for sale has enabled buyers to negotiate larger discounts. The drop in house prices pushed the annual inflation rate to 4.1% from 5.5%. This is …

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