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Thursday, June 1, 2017

House prices fall for third month in a row – for the first time since 2009

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MSE

Average house prices dropped in May for the third successive month, according to the latest Nationwide house price index – the first time this has happened since 2009.

Nationwide Building Society said values dipped by 0.2% month-on-month in May, following a 0.4% decrease in April and a drop of 0.3% in March.

Across the UK, the average price was £208,711 in May, marking a 2.1% year-on-year increase. A year earlier, price growth was more than double this rate, at 4.7%.

June 01, 2017 at 05:37PM

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