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June 2, 2005

Economics

UK House Price Inflation Lowest in Nine Years

by Edward Hugh

The UK housing market is gradually grinding to a standstill, in price terms that is. The latest report from Nationwide indicates that:

“Average property prices as measured by the mortgage lender increased marginally by 0.3 per cent between April and May. This pushed the annual inflation rate to 5.5 per cent, a level not seen since August 1996.”

This entry was posted on Thursday, June 2nd, 2005 at 9:19 am and is filed under A Few Euros More, Economics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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