House price fall renews concern over cooling UK economy

Average price of a home fell 0.1% between July and August as pressure mounts on household finances, says Nationwide

UK house prices dipped this month, dragging down the annual growth rate, in further evidence of a cooling market.

The average price of a home fell 0.1% between July and August to 210,495, according to Nationwide, Britain's biggest building society. Prices rose in July and June but fell between March and May, the first time this had happened since the financial crisis.