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House prices drop for 13th consecutive month

Posted on 08 October 2008

From FT Adviser: The Chesterton CEBR House Price Poll of Poll revealed the average price of a residential property in England and Wales fell to £184,333 in September. Prices have now fallen for 13 months in succession, with the annual price drop reaching 5.9 per cent since September 2007.

The fall has been across all UK regions. Prices decreased by 1 percent in London and the South West in September. However, the largest year-on-year falls occurred in the Midlands, where house price deflation reached 6.1 per cent and 6.3 per cent in the East and West Midlands respectively….. Full Article: Source


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