30 May

Land Registry figures show house price drop

Land Registry figures show house price drop

House prices fell again in April, according to new figures from the Land Registry.

In a survey covering all completed property sales, the organisation recorded a 0.2 per cent drop in prices from March 2008, with bigger falls noted in the West Midlands and Wales.

The average property price in England and Wales now stands at £183,626, down from £184,798 the previous month, the data indicates.

And the annual rate of house price inflation also tumbled for the eighth month in a row from 3.6 per cent to 2.7 per cent.

In a statement published with the statistics, the Land Registry commented: "This latest movement continues to point towards a weakening housing market."

Despite the figures, the National Association of Estate Agents (NAEA) earlier this week said agents sold an average of seven homes in April - consistent with results from March.

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.