The weak housing market figures from Britain’s biggest mortgage lender HBOS come after a Bank of England policymaker warned prices could fall by a third. They have already declined more than 5 percent from last August’s peak of an average 199,600 pounds.

House prices fell 1.3 percent on the month to an average 189,027 pounds (US$375,700) last month, HBOS said, the third monthly decline in a row and leaving prices 3.7 percent lower than April last year. That was the biggest yearly decline since June 1993, analysts said, when Britain was still in the throes of a protracted housing slump.

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