U.K. House Prices Fall 0.1% as Property Market Ends Fragile Year
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U.K. house prices declined last month and may fall “modestly” over 2013 because of a weak economic recovery, Nationwide Building Society said.
The average cost of a home slipped 0.1 percent to 162,262 pounds ($264,000) in December, the Swindon, England-based customer-owned lender said in an e-mailed report today. From a year earlier, values were down 1 percent.