Another Day, Another Report of Falling House Prices!
Today it's the Land Registry's turn to report falling house prices. However, with actuall reported data, at least this is the most reliable, if lagging indicator of house price changes.It reports that in January, house prices in England & Wales were down by 15.1% on the previous January. Prices fell in January by 0.8% on December, with this being the 17th month in a row that price falls have been reported.
Wales and the South West saw the largest falls - prices in Wales fell by 8.8%. The number of house purchases fell dramtically last year, with an average of 41,014 sales each month from August to November, down from an average 106,495 a year earlier.
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