Halifax Reports Further House Price Falls
The Halifax has reported another fall in house prices last month, with a drop of 1.3% in September. This now takes the annual decline in prices to 12.4%.The average house price now stands at £172,108. The Halifax is now suggesting, however, that the rate of decline is beginning to stabilise. However, when comparing September 2008 with September 2007, prices are 13.3% lower.
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