London house prices down for first time in eight years

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The Nationwide Building Society has reported that in September, London was the weakest performing region for first time since 2005, with house prices down 0.6% year-on-year.

Meanwhile, UK annual house price growth was stable at 2.0% in September.

The average price of a home was £210,116, compared to £210,495 in the previous month.

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