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UK Housing : prices drop of 1.9% in March

April 3, 2009 7:58 am

UK Housing : prices drop of 1.9% in March

UK house prices fell by 1.9% in March compared with the previous month, according to the Halifax. The lender – now part of Lloyds Banking Group – said that conditions in the housing market would remain tough for the rest of the year.

The average UK home now costs £157,226, at least £30,000 less than a year ago. The figures failed to echo the slight rise in prices in March reported by

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