1% Fall In House PricesWednesday 30th April 2008
Figured revealed this week have highlighted the continuing demise of the housing market with house prices falling by 1.1% in April.
The figures which were complied by the building society Nationwide highlight the sixth monthly decline in a row.
Figures from April when compared with like for like figures from April last year show a 1% decline in house prices over the 12 month period.
The average price of a house is now £178,555, which is £1,759 lower than in April 2007.
It has been predicted that the steep decline in house prices will continue over the next few months as the affects of the credit crunch hits consumers hard.
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