Pounds 26,500 Wiped Off Value of Average Home ; Economic Crisis

The JournalOctober 10, 2008

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Summary


HOUSE prices have dived by more than 13% during the past year, wiping nearly pounds 26,500 off the value of the average home.

The year-on-year rate of decline hit 13.3% in September, the biggest fall ever recorded by the Halifax house price index.

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Extract


Pounds 26,500 Wiped Off Value of Average Home ; Economic Crisis

Annual house price inflation, which measures ...

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