The company blamed the continuing lack of mortgage finance for constraining demand, saying the housebuilding industry had responded by opening fewer new sites.
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The Nationwide said last week that prices were now only 3. Despite the small increase in prices during last month the annual rate of increase declined further, from 4.
Despite the steadily improving conditions, "by historic standards hqlifax market remained difficult and activity levels continued to be extremely low," the company said. It says the cost of the nkde UK home rose by just 0.