House prices in Britain slump most in three years

House prices in Britain recorded their biggest annual drop in three years in July as the economic slump worsened, Nationwide Building Society said.

1st August, 2012

House prices in Britain recorded their biggest annual drop in three years in July as the economic slump worsened, Nationwide Building Society said.

Prices fell 2.6 per cent from a year earlier, the most since August 2009, the lender said in a report today. From the previous month, prices dropped 0.7 per cent to an average £164,389 pounds (€209,693).

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