Property Prices are stabilising |
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26th November 2008
The slump in house prices eased off in November with prices falling by just 0.4%, according to the Nationwide, the UK's largest building society.
The mortgage lender said the rate of price falls "moderated significantly" when compared with October's 1.3% fall.
House prices are down 13.9% from November 2007, easing from a 14.6% annual fall in October. London is one of the least affected parts of the UK.
