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House prices down 10.5%

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  • House prices down 10.5%

    Nationwide is the first lender to publish figures for the UK’s housing market in August.The building society has reported a 1.9% drop in prices during the month, taking the annual fall to 10.5%.The average price of a home now stands at £164,654, or £19,000 less than in August 2007. The lender says that the cost [...]

    More: House prices down 10.5%

  • #2
    This is only the start, take a look at the US some states are down 30% year on year.
    http://www.jpfinancial.co.uk/

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    • #3
      Does anybody have a view on where this is likely to drop in the next year or so?

      We are currently looking to buy and need to know realistic levels to pitch offers to cover ourselves from future deflation

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