UK residential property prices slow as experts predicts falls in second half of 2010

[Nicholas Wallwork]

Residential property prices in the UK are set to fall in the next six months as the latest house price index shows they dropped 0.5% in July.

The much respected property price index from the Nationwide shows that prices fell by 0.5% in July and the annual rate of house price inflation fell from 8.7% to 6.6%. This is the first price fall in the Nationwide index since February.

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