House Prices Fall 1.4%

House prices fell 1.4% in April compared to March 2011 according to a new report by Halifax.

House prices have continued to fall with a decrease of 1.2% in the first three months of the year compared with the previous three months of 2010.

While all reports show a decrease some have showed different figures;

Land Registry – This showed a decrease of 2.9% over the year

Nationwide – This showed a dip of 0.2% over a month and this equates to 4.9% over the year

The contradiction in figures is due to the time period that the statistics are taken from, The Nationwide statistics were a comparison of 6 months while the Land Registry was a yearly report and halifax was month on month.

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