Friday, September 26, 2008
Land registry latest
The fall in house prices has accelerated in England and Wales, according to the Land Registry. Its latest report shows that prices fell by 1.9% in August, taking the annual rate of price deflation to 4.6%. The figures mean that the average property now costs £174,493; £8,320 less than a year ago, with £3,871 of that drop occurring last month. Prices in London fell by 3.2%, the first monthly fall since the Registry started publishing its figures in 2000.