27.02.2009 - UK: House prices 'fall another 1.8%'

From BBC: House prices fell by 1.8% in February as confidence in the UK property market failed to pick up, according to the Nationwide building society. The lender said that the average UK property had fallen in value by 17.6% over the past 12 months, to £147,746. Although cuts in interest rates have made mortgage repayments cheaper for some, this has yet to be seen in increased sales, it said..... Full Article: Source

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