Added: Mar 1, 2010
From: debtfreedirect11
Duration: 0:44
House prices fell in February for the first time in 10 months.Figures from Nationwide show the average property value fell by 1 per cent compare with January.The average home in the UK was worth £161,320.The recent icy weather is one factor being blamed for the downturn, with experts say less people took the time to view properties.It is thought the end of the Stamp Duty holiday is another contributing factor.Martin Gahbauer, Nationwide's chief economist, said: "At this stage, it is difficult to gauge how much of the drop in housing activity is attributable to one-off factors and therefore whether February's fall in prices is just a temporary blip or the start of a new trend."
Channel: News
Tags: news house prices mortgages buying a house stamp duty debt debt management uk
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