could be two or more years away, experts are predicting, with the Government unlikely to intervene to help boost prices in the upcoming Autumn Statement,Data from building society Nationwide this week showed house prices are 5.3 per cent lower compared to August last year, in the biggest annual decline since 2009., which many have suggested will continue later this year.
A senior Government source said the decline in average house prices had not come as a surprise because it was in line with the projections of the Office for Budget Responsibility. “What we are seeing is what economists expected,” the source said.
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