UK DATA: Sep House Prices -0.2% m/m; +1.7% y/y
-New Home Prices Plunge In September
————————————————————————
Overall house prices posted a small monthly decline in September
although prices for new dwellings fell at their fastest pace for more
than two and half years. Figures from National Statistics showed house
prices fell a seasonally adjusted 0.2% on the month in September and
were up 1.7% on the year, down from 1.9% in August. Prices for new
dwellings plunged 3.7% on the month, the largest monthly fall since
February 2010. Prices paid by first time buyers also fell sharply by
0.7% on the month.