UK house prices declined at the fastest pace in more than 14 years in August as rising borrowing costs continue to dampen housing market activity, data published by the Nationwide Building Society showed on Friday.
House prices posted an annual decline of 5.3 percent after easing 3.8 percent in July. This was the biggest fall since July 2009 and also larger than economists' forecast of 3.9 percent fall.
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by Renju Jaya
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