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U.K. House Prices Fall Most in Seven Months, Halifax Says

U.K. house prices fell the most in seven months in April as signs of a fading economic recovery and tighter lending conditions dented property demand, Halifax reported today.

Values fell 1.4 percent from March to an average 160,395 pounds ($262,839), Halifax, the mortgage unit of Lloyds Banking Group Plc said in a statement in London today. From a year earlier, prices were down 4.9 percent.