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Tuesday, 6 December 2011

House Prices Fall in November

The Halifax today reported a fall in average house prices in November, by 0.9%.

The average house price is now £161,731, marginally lower than at the end of 2010.

Martin Ellis of the Halifax commented: "House prices have remained remarkably stable in 2011 despite the difficult economic climate and pressure on household finances."

He went on to say that he expects prices, and the number of sales, to remain broadly unchanged over the coming few months as demand and supply change little.

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