Figures released by property data provider Hometrack show that house prices continue to fall on aver...
Figures released by property data provider Hometrack show that house prices continue to fall on average across the UK, although there are still significant differences on a regional basis.
Prices dropped an average 0.1% in the past month, meaning they have remained stagnant or fallen in the past three months.
However, the headline figures hide significant differences between the best- and worst-performing regions.
For example, Staffordshire recorded house price inflation of 0.7% in the past month, Hometrack says, compared to a fall in Surrey and Hampshire of –0.7% and –0.6% respectively.
Hometrack now forecasts annual house price inflation will drop to 4% by the end of the year, compared to Halifax' and Nationwide's surveys predicting a rate of up to 10%.
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