House prices fall for seventh time in nine months | Money | guardian.co.uk
Every region in England and Wales except London experienced falling house prices during the past year, with the average home losing 2.2% of its value, according to Land Registry figures.
It said house prices fell by 0.4% in May – the seventh month-on-month drop in nine months – taking the average house price in England and Wales to £161,823.
Average property values rose by 2.9% in London during the past 12 months, but fell everywhere else, with the north-east experiencing the greatest annual price decline with a drop of 6.9%. During May, prices rose the highest in the east Midlands with an increase of 0.4%, while prices in Wales fell by 3.5%.
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