House prices fall 1% in one year
House prices have fallen by 1% in one year
House prices have fallen by 1% during the past 12 months, the first year-on-year fall since 1996, figures show.
The cost of a home dropped for the sixth month in a row during April, sliding by 1.1%, as the credit crunch continued to take its toll on the property market.
The fall helped turn annual house price growth negative for the first time in 12 years, leaving property values 1% lower than they were in April 2007, according to Nationwide Building Society.
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