House Price Continue Their Fall
House prices are continuing to fall, with prices down by 1.8% in February according to Nationwide, bringing the average annual fall to 17.6%. The average house price is once again under £150,000 at £147,746.If you're looking for signs of any recovery in the market, you're unlikely to find them soon. Nationwide reported that 'curiosity' was growing - hardly a ringing endorsement of a market regaining in confidence. Also despite reports of mortgage approvals rising in January, they were still 43% down on the previous year. Any 'green shoots' of recovery are a long way off.
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