Fears of 1950s conditions in British housing market

House prices in Britain are falling at their fastest since 1990, according to the latest survey by Nationwide, Britain’s biggest building society.

30th August, 2008

House prices in Britain are falling at their fastest since 1990, according to the latest survey by Nationwide, Britain’s biggest building society.

With estate agents and housebuilders announcing big falls in profits, the bottom of the market seems a long way off.

Earlier this year, Nationwide had predicted that the slump in prices would not reach double digits, but the mortgage lender was forced to eat its words after a 1.9 per cent fall...

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