U.K. Home Prices Plunge Most on Record, Halifax Says
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U.K. house prices plunged in September by the most since at least 1983, adding to evidence that the housing market faces a renewed slump as the government readies the biggest spending cuts since World War II.
The average cost of a home fell 3.6 percent from August to 162,096 pounds ($258,000), Halifax said in an e-mailed statement today. That’s the biggest drop since the mortgage lending division of Lloyds Banking Group Plc began its housing gauge in