This latest decline, which also resulted in a 1.7% drop compared with a year ago, took average house prices to £158,426. House prices edged 0.7% lower month-on-month in October as the weak economy continued to dampen demand, according to Halifax.
Halifax housing economist Martin Ellis said the latest figures were evidence that the trend for a “modest deterioration” in house prices was continuing………………………………………..Full Article: Source