Nationwide warns of further house price falls - Business News, Business - The Independent
House prices will remain flat at best and could fall further by early next year, Nationwide warned yesterday.
Britain's second-biggest building society's half-yearly financial results showed significant improvements, with underlying profits up by 26 per cent to £147m. The group's margins, battered by interest rates held at a historic low since the end of 2008, are also recovering, helped by a 44 per cent fall in bad debts, largely on the strength of a 16 per cent recovery in the commercial property market.
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