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UK house prices fall for third month

Posted on 01 October 2012

Slump in demand for homes comes as government launches Funding for Lending scheme to assist first-time buyers. House prices have fallen for the third month in a row as a summer slowdown in demand continued, according to property analysts Hometrack. Their September report shows the price of homes has dropped again in England and Wales, with no region recording monthly price rises.
These latest disappointing property figures come as the government seeks to increase mortgage lending through its Funding for Lending initiative to help buyers on to the ever more treacherous property ladder. House prices fell by 0.1% in September, the same fall as in July and August, with north-west England dropping the most to -0.3%………………………………………..Full Article: Source

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