Sponsored by Digital Look Events

House prices down for sixth month running

News for Spread Betters

PreviousPrevious
NextNext

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here. Advertisement

Date: Monday 31 Mar 2008

LONDON (ShareCast) - Average house prices fell for the sixth month in a row in March, according to the latest survey of estate agents by online property group Hometrack.

The average cost of a home in England and Wales declined 0.2% to £174,100, with annual inflation now just 0.4%, the lowest for two years.

"Continued uncertainty in the financial markets, affordability pressures and weak buyer confidence are all likely to suppress levels of market activity in the months ahead, with pricing levels remaining under pressure'' said Richard Donnell, director of research at Hometrack.

Wales was the only region where prices did not fall, they stayed flat, but everywhere else saw a decline. London, the North and West Midlands led declines were the worst affected.