June 2, 2009
The latest house price index from the British land registry shows a fall of 0.3% in April, bringing the average house price in England and Wales down to £152,898. The Land registry index is the only accurate figures available – although they lag behind the Building Society figures by a month or so, they reflect a more accurate picture because they are based on actual sales values rather than a building society’s mortgage value of an over-optimistic estate agent’s off-the-top-of-his-head valuation.
More on House prices in the UK fall for 20th consecutive month