House prices continue to fall
Last updated 12:33, Saturday, 03 May 2008
HOUSE prices continued their downward trend during April with the average cost of a home falling by 1.3 per cent, Britain’s biggest mortgage lender said.
The choice is yours: The average cost of a home has fallen by 1.3 per cent
Properties have now lost 4.2 per cent of their value since the beginning of 2008, with prices falling during six of the past eight months, according to Halifax.
The annual rate of price growth also turned negative during April for the first time since February 1996, with house prices now 0.9 per cent lower than they were in April 2007.
