House prices fall at record rate
Published Date:
09 October 2008
HOUSE prices plunged at a new record rate during the year to the end of September - losing 13.2 per cent of their value, Britain's biggest mortgage lender said today.
The fall was the biggest ever recorded by the Halifax house price index, which posted a year-on-year decline of 12.7 per cent in August.
Annual house price inflation, which measures prices during the previous three months compared with the same period a year ago, also dropped to a new record low, with falls of 12.4 per cent, pushing the average cost of a UK home down to £172,108.
The full article contains 109 words and appears in n/a newspaper.
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Last Updated:
09 October 2008 9:23 AM
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Source:
n/a
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Location:
Yorkshire
