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New recession fears as house prices plunge a staggering 15% in a year

Posted on 31 October 2008

From Express.co.uk: UK homes have lost nearly 15 per cent of their value since last year following 12 months of tumbling prices. Nationwide’s latest figures revealed housing prices have plunged 14.6 per cent during the year to the end of October.

The mortgage lender said prices fell by a further 1.4 per cent in October, setting a new all-time low for its house price index….. Full Article: Source


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