Property News in the UK

UK property news and links to various property websites. mortgage news, house price news, interesting properties for sale.

Friday, July 07, 2006

House prices in surprise fall

The fear of rising interest rates and the knock on effect of bigger bills and rising employment has led to the biggest monthly fall in house prices in six years.

Halifax, Britain's biggest mortgage lender, reported today that the value of the average home dropped by 1.2%, or £2,093, to £176,509. It said it was the largest monthly decrease since October 2000.

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