Monday, April 28, 2008
Hometrack: -0.6% MoM, -0.9% YoY
House prices fell for the seventh month in a row during April to leave homes costing less than they did a year ago, figures showed. The average value of a home in England and Wales fell by 0.6% during the month to stand at £173,100, with price drops recorded in 51% of postcodes, according to house-price information group Hometrack. The latest falls helped tip the annual rate of growth into negative territory, with homes now costing an average of 0.9% less than they did in April 2007. At the same time there was a fall in both the number of new buyers registering with estate agents and the number of sales agreed.