After the mortgage hike, house prices take a 0.5% dip... and have fallen £3,500 in just seven months | Mail Online
House prices decreased in February with the average property losing 0.5 per cent of its value, according to Halifax,
The fall brings the average value of a property in February to £160,118, a similar level to April last year, its index found.
But the decline since last summer's high watermark is far sharper - with the average home having lost more than £3,500 since July.
The news comes as buyers are facing higher mortgage payments following the decision by lenders to hike rates.
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