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Thursday, 31 January 2008

House Prices Fall Again

The latest Nationwide house price survey has shown house prices falling again, for the 3rd month in a row.

Prices fell by 0.1% in January, with the average cost of a home to £180,473.

The annual rate of price growth dropped to 4.2%, which is the lowest rate since December 2005.

Nationwide said the 3-month on 3-month rate of price growth - seen as a more reliable indicator of the health of the market - fell to -0.3%, down from 0.9% the previous month.

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