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The value of properties in the UK fell by 0.9% last month, the third decline in four months, figures from Halifax show.

It followed a 1.2% rise in prices in October. Over the year there has been an almost even split in price movements, with five months of falls, five months of increases and one month where there was no change in the average price.

"Overall, house prices have remained remarkably stable in 2011 despite the difficult and deteriorating economic climate and the substantial pressure on households' finances," said Martin Ellis, housing economist.