House Prices Show Sharp Fall
House prices across England and Wales saw their sharpest fall last month, since 1992, according to the latest report from the Halifax.Overall in March, prices fell bt 2.5% with falls reaching 5% in certain areas.
Halifx has now changed its annual forecast from house prices remaining flat, to a forecast of a small fall in prices.
The annual rate of house price inflation has now fallen to a 12 year low of 1.1%.
House prices in the Midlands fell by 5% and in Wales by 4.7%. Conversely, the North saw a rise of 1.2% and Greater London a rise of 1.6%.
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