Article: How Much Is That House In The Window?
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How Much Is That House In The Window?
With the recent release from the UK's biggest mortgage lender, the Halifax, of its latest house price report for May 2005, showing that prices fell by 0.6% last month, and prices falling just 0.1% since the start of the year, the bank said that the market is broadly flat. Nationwide however released its survey last week, showing a 0.3% rise in May. Commenting on the figures for March, Nationwide confirmed that the 0.6% fall in property values was the steepest monthly fall they had seen for nearly 10 years, however, just a few days after the Nationwide released its survey, the Halifax reported a 0.5% rise in March prices. Mortgage comparison site Moneynet reported a slight increase in March, primarily for the high income homeowners. The diversity of house price surveys dilutes consumer...
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