Wednesday 4 May 2011

House prices resume downward trend - Home News, UK - The Independent

House prices resume downward trend - Home News, UK - The Independent

House prices resumed their downward trend during April as the property market remained volatile, figures showed today.

The average home lost 0.2% of its value during the month, leaving it costing £165,609, according to Nationwide Building Society.

The fall follows two consecutive months during which prices have risen, although property values have dropped in three of the previous six months, while they have increased during three of them, showing the current unsettled state of the market.

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