|
|
|
|
LONDON (MarketWatch) -- The average British house price saw a monthly decline of 1.9% in August, mortgage-lender Nationwide reported Thursday. Prices have fallen by 10.5% compared to August last year, marking the first double-digit decline in the annual rate since the fourth quarter of 1990, Nationwide said. Consensus expectations were for a 1.6% monthly fall and a 9.9% annual decline, according to a Dow Jones Newswires survey of economists.