UK house prices fall at fastest rate in nearly eight years

Prices tumbled by 3.1% in April to an average of £220,962, says HalifaxUK house prices posted their largest monthly drop in almost eight years in April in the latest sign the housing market is weakening, according to the country’s biggest mortgage lender.The 3.1% drop, the biggest since September 2010, knocked £7,140 off the average price of a home to £220,962 last month, said Halifax, which is part of Lloyds Banking Group. Continue reading...