House prices fell for the second consecutive month in August, figures from Nationwide suggest, but the building society says the correction is "not unhealthy".
Price fell 0.9% last month following a 0.5% fall in July. Annual house price inflation, which compares the current average price with that of 12 months ago, now sits at 3.9%. This is a sharp fall from the rates of 6.6% in July and 8.7% in June. Nevertheless, Nationwide says the current correction was "not an unhealthy development". The average house price across the UK was £166,507 in August compared to £169, 347 in July. Nationwide's house price index figures for the three-month rate of change showed that property prices have stagnated over the summer with a 0% rate of growth in A...
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