UK House Prices Decline for the First Time in Six Months
- Halifax report confirms weakness also reported by Nationwide
- Other indicators point to continued recovery for prices
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UK house prices slipped for the first time in six months in March, lender Halifax said in data that confirmed a setback in the property market’s recovery.
Halifax said that the average house price dropped 1% to £288,430 ($364,160) last month. That followed a 0.3% gain in the month of February and small increases in each of the previous four months.