British mortgage lender Nationwide recorded the first monthly fall in house prices for more than a year this month, causing the annual rate of house price growth to fall to an eight-month low.
Nationwide said that average house prices across Britain fell by 0.2 percent in September – the first drop in 17 months – after rising by 0.8 percent in August.
House prices are now 9.4 percent higher than a year earlier, the smallest increase since February and down from August’s 11.0 percent growth rate.
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