House Prices Continue to Fall
The Halifax house price survey published today shows another fall in house prices last month, with prices falling by 1.7% in April, rushing the annual rate of delcine to 17.7%. The average UK property is now worth £33,264 less than a year ago.The Halifax goes on to warn that prices are likely to continue to fall over the coming months, which reflects our thoughts on house prices - see our thoughts on how long the property crash will last.
Looking for positive signs, Halifax does highlight that mortgage approvals are rising and estate agents have reported a rise in interest from potential buyers.
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