The Press Association: Property prices decrease by 0.9%

The Press Association: Property prices decrease by 0.9%

House prices fell at their fastest annual rate for 16 months during February as faltering demand continued to put downward pressure on the property market, figures showed.

Property values were 2.8% lower than a year earlier, the biggest drop since October 2009 - based on average prices during the three months to the end of February and the same period a year earlier, Halifax said.