08.06.2011 - UK: House prices fall fastest rate 19 months
House prices fell at their fastest annual rate for 19 months during May as buyers continued to stay away from the market, figures showed today. Homes lost 4.2 per cent of their value during the past year, based on average prices during the three months to the end of May, compared with the same three-month period of the previous year, according to Halifax. It was the biggest annual drop recorded since October 2009 and left the average home costing £160,519...............................................Full Article: Source
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