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UK House Prices Fell for a Second Month in March, Halifax Says

Halifax said the average price of a home dropped 0.5% to £296,699 in March.Photographer: Hollie Adams/Bloomberg
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UK house prices fell for a second straight month as time ran out for buyers to avoid an increase in property taxes, according to one of the country’s biggest mortgage lenders.

Halifax said the average price of a home dropped 0.5% to £296,699 ($383,510) in March following a 0.2% decline in February. It left values 2.8% higher than a year earlier.