House prices in the UK fell 1.7% month-on-month in April after falling 1.9% in March, a report from Lloyds Banking Group Plc's Halifax division showed Wednesday. Meanwhile, economists had expected a 1% decline. On an annual basis, prices dropped 17.7%.
Seasonally adjusted standardized average price was GBP 154,716 in April.
Prices in the three months to April compared to the previous three months were down 3.3%. This is slightly below the quarterly rate of decline of 5%-6% recorded consistently between June 2008 and January 2009, the Halifax said.
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