Friday, September 02, 2005

House prices fall in August

Thu 01 Sep 2005

LONDON (SHARECAST) - House prices fell last month, according to the latest official survey, though the outlook remains positive with more expressions of interest from buyers.

The Nationwide reported a 0.2% fall in prices in August compared with a 0.2% rise the month before, while the annual rate of growth slowed to 2.3% from 2.6% the previous month.

The annual pace of growth is now at its slowest since May 1996, while the average UK asking price for a house is now £157,310 compared with £153,743 last year."

I think we'll see this trend continue.




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