House Selling Prices Fall

Figures from the Nationwide Building Society show an 0.8% fall in house prices during the month, the largest single month drop since June 1995.

This took almost £1.5k off the price of the average house, now down to £184,099. The effect was to reduce inflation from 9.7% to 6.9%. This still leaves the average price £12k higher than a year ago.

The 3 monthly figure also dropped from 1.8% to 1.5%. You can check lastest House Selling Prices in your area for free by signing up to the Our Property service.