Friday, 7 May 2010

Surprise fall in house prices

House prices in Britain unexpectedly fell in April, reversing a rise in March, mortgage lender Halifax said on Friday, raising doubts about the sustainability of a housing market upturn.

Halifax said house prices fell 0.1pc last month compared with a downwardly revised 1pc increase in March, and confounding forecasts for a 0.5pc rise.

That left prices up 6.6pc in the three months to April compared with a year ago, but was below an improvement to 7.1pc predicted by analysts. more...


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