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Thursday, 4 September 2008

House Prices Fall 10.9%

Latest figures from the Halifax shows a fall in house prices from last August of 10.9%. This is the first double digit fall in prices since 1983.

The Halifax said that property prices dropped 1.8% in August compared with July, leaving the cost of an average home in the UK at £174,178.

It said market conditions would remain "challenging" in the months ahead, despite government help for buyers.

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