UK house prices dropped 0.5 percent in March says Halifax
British house prices fell 0.5 percent in March, missing economist forecasts for a slight rise. The annual growth rate stood at 0.8 percent last month.
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The housing market in the United Kingdom experienced an unexpected downturn in March, as residential property values retreated despite earlier forecasts of growth. According to data released by Halifax, a major mortgage lender and subsidiary of Lloyds Banking Group plc, house prices fell by 0.5% on a month-on-month basis.
