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Nationwide: House prices fall but pace slows

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  • Nationwide: House prices fall but pace slows

    According to the Nationwide, the fall in house prices has eased slightly after prices fell by 0.4% during the month, compared with a fall of 1.3% in October.Despite this, the lender believes that recovery is still some way off as the deteriorating economy will continue to put pressure on the housing market.The Nationwide said that [...]

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  • #2
    Both the the law of economics as well as the law of gravity applies to House prices . Affordability and confidence plus the ability to obtain finances are key issues here. When big store like Woolworths, a household name which has been around since time began flounders, it makes you wonder what is around the corner and what could possibly happen next.

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    • #3
      We have seen a slow down in the decline, but i still think there might be worse to come, as people (like me) continue to hold off the buying for the time being, until they see the market stabalise.

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