Property prices are still falling
Last updated at 13:58, Tuesday, 02 December 2008
House prices continued to fall during November but the slump in sales looks close to bottoming out.
The cost of a home in England and Wales dropped by 1.1 per cent during the month, to give an average house price of £161,400.
The annual rate of decline continued to increase to reach 8.1 per cent, up from 7.3 per cent in October, according to property intelligence group Hometrack.
Overall, house prices fell across 70 per cent of postcode districts, although this was a slight improvement on the previous month when values dropped in 74 per cent of areas.
Richard Donnell, director of research at Hometrack, said:
First published at 11:24, Tuesday, 02 December 2008
Published by http://www.newsandstar.co.uk
SHARE THIS ARTICLE
Quick links
Play to win - free! - Online Bingo cash prizes and bonuses. Jackpotjoy has hundreds of daily winners and millions up for grabs!
Play at Jackpot joy Bingo, the UK's most stylish online bingo site and stand the chance to win a £1000 supermarket shopping spree
Jackpot Joy Bingo is one of the best Bingo website for users who love all games, as well as bingo.
- Carlisle mum and baby have lucky escape after lorry crashes into home (17 comments)
- Firefighters tackle Carlisle warehouse blaze
- Former Carlisle city centre restaurant to reopen (6 comments)
- Six hundred attend funeral of Cumbrian soldier killed in Afghanistan
- Cumbria police find body in Ullswater lake search
- Carlisle department store relaunch can make Carlisle like Manchester
- Carlisle Utd: Ian Harte out; Ben Marshall and Lubomir Michalik in (44 comments)
- Carlisle mum and baby have lucky escape after lorry crashes into home (17 comments)
- Sands Centre revamp plan slammed by Carlisle council officer (22 comments)
- Plan to demolish 200-year-old 'out of place' Carlisle cottage
