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Category: HalifaxSyndicate content

House prices fell by 1.3 per cent over the course of 2011, according to new figures from the Halifax.

UK average house prices fell by 0.1 per cent in April, according to the monthly index of house prices published by mortgage lender Halifax. This followed a 1.0% increase in March.

UK house prices in March recorded an annual increase of 5.2% and a monthly rise of 1.1% according to the latest House Price Index produced by mortgage lender Halifax.

Lloyds Bank is to axe up to 460 more positions, bringing to about 8,000 the total number of job losses it has announced since the start of the year.

House prices continued to fall in September, according to the latest figures from the Halifax.

It says average house price fell by 1.3% during the month to about £172,000, a decline of 12.4% over 12 months.

However, on the positive side the bank believes the rate of decline may be slowing.

House prices fell by 2.5 per cent during March in what was the biggest monthly fall since September 1992, according to the latest figures from HBOS.

Martin Ellis, Halifax chief economist, said: "This fall is continuing the pattern whereby the market is readjusting. Sellers are having to adjust the price they ask for their properties."

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