Halifax reports 1.7% fall in house prices

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Halifax reports 1.7% fall in house prices

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05-07-2009, 04:06 AM

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Halifax reports 1.7% fall in house prices

Halifax has reported a 1.7% drop in the average price of a UK home, during April.The decline takes the annual fall to 17.7% and puts the average cost of a property at £154,716 or £33,264 less than a year ago.The lender is pessimistic in the short-term, with chief economist Martin Ellis warning that rising unemployment, [...]

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