Thursday, October 28, 2010
-0.7% MoM +1.4% MoM
Clutching at straws, Martin said: "â€œOctober saw a continuation of the modest downward trend in house prices that began at the start of the summer. The average price of a typical UK property edged down by a seasonally adjusted 0.7% month-onmonth in October. The three month on three month rate of change â€“ a smoother indicator of the recent price trend â€“ fell to -1.5% in October from -1.0 % in September. This is the largest decline over three months since April 2009, but is still well below the 5- 6% rates of decline on the three month measure seen during the second half of 2008."