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| 01/08/2012 |
UK House Prices Continued To Slide Last Month |
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The price of a typical UK house fell by 0.7% in July, according to Nationwide.
Prices were 2.6% lower than one year ago and the typical price of a home was £164,389.
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said: "UK house prices declined for the fourth time in five months in July, with prices falling by 0.7%. This pushed the annual pace of price growth down to -2.6%, from -1.5% in June - the weakest outturn since August 2009.
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