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UK: Nationwide warns house prices likely to fall further

Posted on 24 November 2010

From BBC: House prices will continue to fall in the near future, the Nationwide building society has suggested. The lender said potential buyers were being deterred by the uncertainty generated by the government’s public spending cuts.
However it said price falls would not be as great as in 2008 due to low interest rates, which will restrict mortgage arrears and repossessions. The society has seen its half-year profits rise by 81% to £259m……………………………………….Full Article: Source

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