House prices fell by 0.8% in November, the UK's biggest building society said today, the largest monthly fall it has reported in more than 12 years. Nationwide building society identified three reasons for the fall: poorer affordability, the effect of this year's interest rate rises, and expectations of lower price growth.
http://www.guardian.co.uk/money/2007/nov/29/houseprices.property
http://news.bbc.co.uk/1/hi/business/7118336.stm
Deflation in China?
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