The average property price fell 1.0% compared with May last year, Halifax said
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British house prices dropped on an annual basis in May for the first time in 11 years, mortgage lender Halifax said on Wednesday.
The average property price fell 1.0% compared with May last year, Halifax said.
A Reuters poll of analysts had expected prices to be unchanged on a monthly basis and fall by about 1.0% compared with the year before. (Reporting by Suban Abdulla, editing by Andy Bruce)
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