-Sep House Prices -0.2% m/m; +1.7% y/y
LONDON (MNI) – Overall house prices posted a small monthly
decline in September although prices for new dwellings fell at their
fastest pace for more than two and half years.
Figures from National Statistics showed house prices fell a
seasonally adjusted 0.2% on the month in September and were up 1.7%
on the year, down from 1.9% in August.
Prices for new dwellings plunged 3.7% on the month, the largest
monthly fall since February 2010. Prices paid by first time buyers also
fell sharply by 0.7% on the month.
-London bureau: 0044 20 7862 7491; email: puglow@marketnews.com
[TOPICS: M$B$$$,MABDS$]