Homebuyers Refusing to Move Unless Discounts Are Offered ; in Association with Www.Rbs.Co.Uk Proprerty Prices Will Have Fallen by 16 Per Cent by the End 2008

Summary


House prices fell by nearly 15 per cent over the past year and are set to fall further as the UK slides into recession.

The latest Nationwide Building Society survey yesterday showed that the average house is now worth nearly pounds 30,000 less than a year ago after prices fell for the 12th month in a row in October.

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Homebuyers Refusing to Move Unless Discounts Are Offered ; in Association with Www.Rbs.Co.Uk Proprerty Prices Will Have Fallen by 16 Per Cent by the End 2008

The monthly fall of 1.4 per cent brought the year-on-year price slump to 14.6 per cent, according to Nationwide.

The country's biggest building society said prices are likely to hav...

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