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If so, you may be interested to hear that UK property prices fell by 0.4 per cent in October compared with a year earlier.

That is according to the latest House Price Index from the Department of Communities and Local Government, which also revealed average prices decreased during the year in all UK countries.

In England they were down 0.2 per cent, in Wales they dipped 0.5 per cent, in Scotland they dropped 1.5 per cent and in Northern Ireland they plumetted 12.1 per cent.

Meanwhile, prices paid by first time buyers were 0.4 per cent higher on average than a year earlier whilst prices paid by former owner occupiers decreased by 0.7 per cent, it added.

December 16, 2011 at 12:22 pm | Uncategorized |
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