House prices fall for 14th month says Hometrack

Prices fell 0.1%, during August according to the research, with the national average house price now standing at £161,000 down from a peak of £161,7000 in June last year and representing a decline of 3.7% over the last twelve months. But despite falling prices market activity has increased by 4.1% this month suggesting some confidence has returned to the market, says Hometrack, although the number of new buyers continued to fall by 0.5% this month. Hometrack the continuing decline in new buyers and the further increase of properties coming onto the market mean it is still very much a ...