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U.K. house prices seen falling in 2012 on unemployment: Economy

Posted on 03 January 2012

U.K. house prices may decline in 2012 as economic turmoil emanating from the euro area’s sovereign debt crisis pushes up unemployment and undermines consumer confidence.
The average cost of a home fell 0.2 percent in December from November, the first monthly drop since August, and values may drop “modestly” next year, Swindon, England-based Nationwide Building Society said in an e-mailed report today………………………………………..Full Article: Source


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