Monday, September 27, 2010
Hometrack: -0.4% MoM
House prices are falling in every region of the UK for the first time since April last year, figures reveal today. The average cost of a home dropped by 0.4 per cent during September to Â£157,600, against the background of a mortgage famine and falling confidence, according to industry analysts Hometrack. Prices in London and the South East, which have previously been immune from price falls in other parts of the country, have also gone into reverse. 'Market expectations are now based upon the belief that there will be a period of continued house price falls,' Hometrack said.