Halifax index shows 3.8% year-on-year house price fall in May

June 5, 2008
House prices have fallen by almost 4% year-on-year during May – the fastest rate of decline since 1993, according to the latest house price index from Halifax. Prices fell by 2.4% in May compared to April, and by 3.8% year-on-year during the month. Prices have already fallen by 6.8% since the beginning of the year, according to the mortgage lender, …

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