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House prices 'down 1.9% in March'

Apr 3 2009

House prices fell by 1.9% during March but the annual rate at which property values are dropping eased slightly, Britain's biggest mortgage lender said.

Prices fell at an annual rate of 17.5% during the month, compared with record annual drops of 17.7% in February - based on Halifax's preferred measure of comparing prices during the previous three months with the same period a year earlier.

The figures contrast with those reported by Nationwide on Thursday, which showed a surprise 0.9% jump in house prices during March.

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