7 October 2009
House Prices Back to 2008 Level
UK house prices have now recovered to the same level as a year ago, according to the latest figures from the Nationwide. The BBC reported that the building society said house prices have now risen for five months in a row.
“The most intense phase of the recession and financial crisis has probably passed,” said Martin Gahbauer, the Nationwide’s chief economist. The Nationwide said price rises have been particularly vigorous in the past few months.
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