Halifax confirms house price fall
May 7, 2008 · Filed Under Property News · Comment
UK house prices saw an annual fall of 0.9% in April, says the UK’s biggest mortgage lender.
The Halifax also said that prices dropped by 1.3% in April compared with the previous month, pushing the price of the average home down to £189,027.
The lender said it now expected a “mid-single-digit” percentage decline in prices in 2008.
But it expects bigger falls in Wales and the West Midlands, with Scotland bucking the trend with a modest rise.