Nationwide reporting house price slowed in August

Posted on August 30, 2007
Filed Under House Prices |

UK building society Nationwide reports that house price rose by just 0.6% this month (compared to an annual rate of around 9.6% for the year).

The Guardian notes that August’s rise “was slightly higher than the 0.5% the City had been expecting and represented a bounce back from the 0.1% increase registered in July, but the Nationwide said the five increases in bank rate over the past 13 months were being felt.”

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