House prices fall across every UK region

Prices dipped on average by 0.4% in September, according to Hometrack, although it says talk of double-digit house price falls is "overdone". Demand for housing dropped for the third consecutive month in September, this time by 2.9%. The survey also suggests the volume of buyers registering with agents has fallen by 6.5% over the same period. Elsewhere, the average time a property is on the market is 9.3 weeks, the highest level for a year and up from 8.9 weeks in August and 8.7 weeks in July. The increase is due to the widening gap between supply and demand. Over the past six m...