UK house prices fell sharply again in September as stretched affordability damps housing market activity, data from the mortgage lender Nationwide Building Society revealed Monday.
The Nationwide house price index posted an annual decline of 5.3 percent, the same pace of decrease as seen in August. The decrease was the biggest since July 2009. Nonetheless, prices were forecast to fall more markedly by 5.7 percent.
House prices remained flat on the month in September following the previous month's 0.8 percent decrease. The nil growth was in contrast to the expected fall of 0.4 percent.
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by Renju Jaya
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