House prices fall for 15th month in a row | Money | The Guardian

House prices fall for 15th month in a row | Money | The Guardian

Further evidence of a double dip in the housing market is published today in a survey by property data specialist Hometrack, which revealed that prices fell by 0.1% in September, the 15th consecutive month of price falls.

A sharp fall in the number of new buyers, down 2.6% on the month, and a rise in the gap between asking prices and actual sale prices, point to a deepening recession in the market, Hometrack said.

"As the gap between supply and demand widens, we are likely to see an acceleration in the level of price falls as we head towards the end of the year," said research director Richard Donnell, who forecast that falls will be heaviest in the north and north-east.