A fall of 0.2 per cent was recorded between August and September, with the average UK property price down from £189,306 to £188,374.
Nationwide's chief economist, Robert Gardner, said "Price growth may soften further in the final quarter of the year, given the high base for comparison from 2013. However, the outlook remains uncertain. There have been tentative signs from surveyors and estate agents that buyer demand may be starting to moderate, but the low level of interest rates and strong labour market suggest that underlying demand is likely to remain robust."
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