masabahouse (masabahouse) wrote,

House prices fall for first time in 10 months (The FT)

UK house prices fell in February, halting a nine-month streak of steady rises and raising questions once again about the stability of the market.

According to the Nationwide House Price Index, prices fell by 1.0 per cent month on month in February, although Nationwide’s chief economist, Martin Gahbauer, cautioned that snowy weather and the end of a stamp duty holiday might have played a role in the drop.

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