UK house prices dip in November
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Government data shows UK house price inflation rose 13.8% in the year to November but economists expect to see a slowdown in the months ahead.
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British retail sales have risen at a slower pace in November compared with the previous month.
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The monthly figures may provide some relief however, that the UK housing market is not showing signs of a sustained downward trend after last month&#39;s figures showed a drop in prices of 0.1pc from August.
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House prices in England and Wales dropped 0.4% in December, according to the Land Registry.
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Sterling softened after data released this morning by the British Banking Association provided further evidence that house prices are finally starting to cool.
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UK High Street sales dipped in November as higher interest rates hit shoppers' finances, the British Retail Consortium says.
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House price inflation is now easing off, according to the latest monthly survey from the Halifax.
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Signs of a housing slowdown are now beginning to surface across the UK as a fall in the number of new buyers has now created a surplus of properties, suggests the latest Hometrack house price survey.
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The number of new mortgages being approved for home buying fell again in November.
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Business & money: House prices have dropped for the first time in two years, adding to worries of unstable market.
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UK house prices rose by 0.8% in January,  the Halifax says, but the annual rate of increase falls to its lowest rate since December 2001.
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Pending sales of existing homes fell 2.6 percent in November from an October level that was revised sharply upwards and sales should hold steady over the next few months, a real estate trade group said Tuesday.
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By Malcolm Moore, Economics Correspondent (Filed: 04/12/2004). House prices fell in November for the third time in the past four months and will fall by around 2pc next year, according to the latest figures.
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UK house prices fell by 1.1% in October, confirming a softening of the housing market, the UK's biggest mortgage lender says.
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Home construction rebounded in the United States in November after a big drop the month before, but permits for upcoming building fell to a nine-year low, suggesting weakness persists in the new-home market, government figures released today showed.
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House prices in Scotland are falling more slowly than elsewhere in the UK, according to research. The Royal Institution of Chartered Surveyors&#39; housing market survey showed UK prices had fallen at their steepest rate for nine years.
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The number of loans for house purchases fell by 35 per cent in October compared with the same month last year, providing further evidence of a slowdown in the housing market.