House Prices in 'Orderly' Slowdown
The Nationwide Building Society says house prices have fallen slightly again
31st December 2004
A report by the Nationwide Building Society says that the housing market is experiencing an 'orderly slowdown', after a slight drop average prices in December.
The annual price increase rate is now 12.7%, down from 15% in November, which industry analysts attribute to the effects of the Bank of England's succession of interest rate rises over the last year or so, combined with the difficulty the high prices are causing first time buyers.
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