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Latest real estate index shows another fall in UK residential property prices

  • Thread starter Nicholas Wallwork
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Nicholas Wallwork

Nicholas Wallwork

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Residential property prices in the UK have fallen for the second month in a row, the first time since February that they have declined for two consecutive months, the latest Nationwide index shows.

Prices fell by 0.9% in August. This follows a 0.5% drop in July. The index also shows that the three month on three-month rate of change, generally a smoother indicator of price trends fell from 1.2% in July to 0% in August, suggesting that property prices have essentially stagnated over the summer months.



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