End to house price falls in sight - Rightmove

The property website says asking prices fell 1.9% between December and January to an average of £213,570, while average asking prices in London dropped 1.3% to £386,653. Additionally, it says the number of new vendors had more than halved from 89,000 last January to 43,000 this month. However, it adds there had been 429,560 buyer enquiries in the first two weeks of January, compared with just 199,762 over the same period in 2008. "The speed with which prices have declined has been worrying, but it does mean we are potentially reaching the bottom sooner," explains Miles Shipside, commercia...