UK house price slide accelerates – data   ...News

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UK house price slide accelerates – data  
source : Russia Today ( News ) () 138
The cost of homes in August fell at the fastest rate since 2009, a survey has found   The downturn in the British real estate market has accelerated as home prices in August fell at their sharpest annual rate since the global financial crisis, mortgage lender Nationwide revealed on Friday.     Housing prices slumped by 5.3% in August in what turned out to be the steepest annual drop since July 2009. This has been driven by soaring mortgage costs, which reduced demand from buyers, the lender said. In August alone prices fell by 0.8%, bringing the average property value down to £259,153 ($329,000) or around £14,600

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