UK house prices fell more than expected and by the most since 2009 in March, according to data from mortgage provider Nationwide.
House prices fell by an annual rate of 3.1 per cent in March, following a 1.1 per cent decline in the previous month and marking the largest year-on-year drop since July 2009, data showed on Friday. That was a larger fall than the 2.2 per cent forecast by economists polled by Reuters.
Property prices fell 0.8 per cent between February and March, also a larger drop than expected.
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