| From Timesonline.co.uk: Rapidly worsening conditions in the housing market were officially confirmed yesterday by Land Registry figures showing that year-on-year increases in house prices all but ground to a halt last month.
The official figures showed that on a monthly basis house prices in England and Wales fell by a further 1 per cent last month, wiping just over £1,800 off the value of the average home.
The latest steep decline in prices cut their annual pace of increase on Land Registry data to a meagre 0.1 per cent - the lowest rate since its records on monthly price moves began in April 2001. June's price fall came on the heels of a revised 0.6 per cent drop in average home values in the previous month and marked the tenth consecutive month of decline in the market..... Full Article: Source
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