House prices now falling at fastest rate since early 1990s
House prices now falling at fastest rate since early 1990s
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<p>House prices fell by 2.5 per cent during May, the fastest rate of decline since the housing recession of the early 1990s and the seventh successive month of falling values. The largest monthly drop ever seen in the Nationwide Building Society's regular survey of the property market prompted some economists yesterday to predict a "deep and prolonged" housing slump. </p> |
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News entry number 4974 added on May 30, 2008 in the Business News category.
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