London house prices fall for first time in year - papers 20 August

Rightmove, the property website, said the average cost of a home in England and Wales - its figures exclude Scotland and Northern Ireland - has risen by just 0.6 per cent to £241,474 over the past month, though the annual housing market inflation rate is still running at 12.6%. However, the average figure obscured a dip of 0.1% in house prices in London over the past month, Rightmove said. Prices also fell by 2.2% in the West Midlands and by 0.6% in the north of England. SPARE A THOUGHT for Ben Bernanke. The chairman of the US Federal Reserve has been left to clear up the mess left by hi...