House prices fall 1.4%: Halifax

The fall in house prices last month followed no movement in March and mean the  average house price now stands at £160,395. However, this is down 3.7% on the same month last year, which is the biggest annual decline since October 2009. On a quarterly basis, prices fell 1.2%. Average property prices remain 4% above the low reached in April 2009, but 20% off their August 2009 peak. Martin Ellis, housing economist for Halifax, said: "The latest figures show that the underlying trend in house prices continues to be one of modest decline. "Weak confidence amongst households, partly du...