House Prices Fall In May
House prices fall back again in May
According to the Land Registry house prices fell by 15.9% in May compared to May 2008, and down by 0.2% since last month. The average price of a house in May 2009 is £152,497.
Two main lenders Halifax and Nationwide have reported slight increases in house prices in May – 2.6% and 1.2% respectively. Their figures are based on mortgage approvals whereas the Land Registry figures are based on actual sales.
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