House prices fall says Nationwide

Properties fell an average of 0.4%, dropping the average house price to £152,159 from £153,727 the previous month. Annualised house price inflation fell to 15.3% from 17.8%, and if the trend continues the figure would drop to about 12% by the end of December. This would be 3% below the annualised forecast issued by Nationwide in March this year, but 3% up on the forecast delivered last December. Prices beyond the reach of first time buyers, problems trading up, falling buy-to-let yields and a traditional late summer-early autumn lull in the market are all factors blamed for the cha...