UK August Nationwide house prices -0.8% vs -0.2% m/m prior

<ul><li>Prior -0.2%</li></ul><p>The average house price in the UK declines further as higher rates are continuing to weigh on housing market sentiment. The annual reading now reflects a 5.3% year-on-year drop in house prices and the falling trend is likely to stay the course as the BOE may still need to raise rates further.</p>

This article was written by Justin Low at www.forexlive.com.