Official figures confirm fall in house prices in September

first_imgTuesday 16 November 2010 9:03 pm Tags: NULL Share whatsapp Show Comments ▼ whatsapp KCS-content Official figures confirm fall in house prices in September THE fall in house prices in September was confirmed by the Department for ommunities and Local Government (DCLG) yesterday. It published figures which showed house prices fell 0.8 per cent in September. Prices also fell 0.7 per cent in the third quarter compared to a 1.6 per cent rise during the preceding three months. The September fall in house prices pushed the cost of the average UK home down to £211,815, just 6.1 per cent up on a year ago.The figures also confirmed data from both the Halifax and Nationwide building societies, which showed significant falls in average house prices across the UK in September. Halifax said £6,000 had been wiped off the price of an average property in the month. Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors (RICS) said although prices could slip a little further the downside would be quite limited. “The more pressing issue remains the relatively low level of transaction activity. This has more direct ramifications both for the health of the economy and the ability of those made unemployed to move to find work elsewhere in the country,” he said. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img

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