Nationwide reports double digit house price fall

Aug. 29, 2008
House prices have fallen 10.5% over the last year, the first double-digit annual fall since 1990, Nationwide reported. The price of a typical house is now £164,654. Nationwide registered a 1.9% fall in August in its latest house price index, which brought the annual fall to a level not seen for 18 years. Its three-month-on-three-month reading showed that the fall …

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