Thursday, October 2, 2008
The Nationwide September figures are out!
UK house prices have fallen for an 11th consecutive month, dropping by 1.7% in September, according to the Nationwide. The lender recorded a 12.4% annual drop in prices, pushing the cost of the average UK home down to £161,797, more than £20,000 less than a year ago. Nationwide said the pace of house price falls had stabilised, but warned the next year or two would be "difficult". House prices were down year-on-year across the UK, with southern England suffering worse than the north.