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31/10/2008 - House prices still higher than 2003
A report conducted by Nationwide Building Society confirmed that house prices dropped by 1.4% in October 2008 making it 12 months in a row that house prices have fallen. However it is not all doom and gloom as house prices remain on average £30,000 higher than they were in 2003. Experts believe this further house price news may force the Bank of England to lower interest rates again next week with some predicting a rate cut of 0.5%.
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