Tuesday, January 29, 2008
This months report
The December data shows a monthly price change of -0.4 per cent and an annual increase of 6.7 per cent. This month’s average house price is £184,469. This month’s data provides evidence of a downward trend in house prices. Although the annual growth rate remains positive, this month’s price fall is a clear indication of a weakening market. This month is the first time since the minor slowdown in 2005 that average prices for England and Wales have experienced negative monthly change.