LONDON (ShareCast) - Homeowners were bombarded with fresh data Monday as three reports backed the negative house price trend, although one did provide a much needed ray of sunshine.

The cost of a home in England and Wales fell 1% in June to £180,781, the tenth consecutive monthly decline, according to Land Registry figures. The annual increase was just 0.1%.

London prices took a knock, with a 2.5% drop during the month to £345,136 topping the list of worst performers. These numbers do tend to lag behind some other surveys as they’re based on prices at completion.

Earlier today, housing data analyst Hometrack revealed that property prices kept falling in July, down 1.2% from June and 4.4% lower than this time last year.

They say the average price of a property in England and Wales is now £168,500 following the biggest annual slide since the survey began seven years ago. These are prices not seen since October 2006.

“With no immediate end in sight to the current uncertainty, activity levels are likely to remain suppressed with prices remaining under pressure into the autumn," said Hometrack’s director of research, Richard Donnell.

But there was some cheer for long suffering homeowners as experts predicted house prices will jump by 25% over the next five years.

In a report for the National Housing Federation (NHF), bright sparks at Oxford Economics think prices will soon recover from a 4.4% drop this year and 2.1% in 2009.

Strong demand for homes will lead to an increase of 1.3% in 2010, with further rises in the next three years of 5.2%, 9.2% and 9.3%, taking the price surge to 25%, it said.

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