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House prices fall 1.4% in April

Low household confidence led UK house prices to fall by 1.4% in April compared with March, according to the Halifax.

The lender, now part of Lloyds Banking Group, said the latest figures showed that property values were continuing a trend of "modest decline".

Prices fell by 3.7% compared with a year ago, with the average home now costing £160,395.

In the three months to April, prices were 1.2% down on the previous quarter.

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Post Date: May 9th, 2011