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The average price of a UK home has fallen to levels not seen since August 2004, according to the Halifax.
Prices declined by 2.2% in December, to bring the average cost down to £159,896, the lender said.
For 2008 as a whole, prices fell 16.2%, the biggest annual decline since Halifax began keeping records in 1983.
Halifax also said homes were more affordable than at any time since April 2003, when set against earnings. But getting a mortgage is harder for many.
The figures came as data ...
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