UK house prices drop in June-Nationwide

  • Business Premium
  • Thursday, 28 Jun 2012

LONDON: British house prices fell back in June with the annual pace of decline reaching its highest rate for almost three years as the economy remained weak with little sign of a bounce back, mortgage lender Nationwide said on Thursday.

House prices fell 0.6 percent in June after a rise of 0.2 percent in May, leaving prices 1.5 percent lower than a year ago, the lowest reading for annual growth since August 2009.

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