House prices fell 3.6% in September

28 July, 2011


UK house prices fell 3.6% in September, according to Halifax – the biggest monthly fall since the survey started in 1983.

Although it is too early to say that prices are in decline, there is a worry for the UK economy that further falls in the housing market could cause serious problems for the economy. The Pound has continues its fall against the Euro and may other major currencies.