House prices fall again: Average home is £160,000, 3.2% cheaper than a year ago | Mail Online

House prices fall again: Average home is £160,000, 3.2% cheaper than a year ago | Mail Online

House prices continued to fall in October, figures revealed today.

Prices dropped 0.9 per cent compared to the previous month, bringing the average value of properties sold in England and Wales down to £159,999, according to the Land Registry.

The latest falls come on top of a 0.6 per cent drop in September and leave house prices 3.2 per cent lower than they were a year previously as the squeeze in consumer spending power, the weak job market and the eurozone debt crisis all hit confidence.