http://www.telegraph.co.uk/finance/e...cord-rate.html
House prices in the UK dropped by 2.3 per cent during December, pushing the annual rate at which values are falling to a new record, figures show.
The Government figures showed a doubling in the quarterly rate at which prices are falling, with homes losing 6.4 per cent of their value during the three months to the end of December, compared with a drop of 3 per cent during the third quarter of the year.
December's price fall was driven by a steep drop in the average price of a detached home, which fell by 4.1 per cent during the month, while flats lost 2.4 per cent of their value and the price of bungalows and semi-detached homes eased by 2.3 per cent and 2 per cent respectively.
Excellent news. Playing a waiting game for a millionaires pad for a pittance.
House prices in the UK dropped by 2.3 per cent during December, pushing the annual rate at which values are falling to a new record, figures show.
The Government figures showed a doubling in the quarterly rate at which prices are falling, with homes losing 6.4 per cent of their value during the three months to the end of December, compared with a drop of 3 per cent during the third quarter of the year.
December's price fall was driven by a steep drop in the average price of a detached home, which fell by 4.1 per cent during the month, while flats lost 2.4 per cent of their value and the price of bungalows and semi-detached homes eased by 2.3 per cent and 2 per cent respectively.
Excellent news. Playing a waiting game for a millionaires pad for a pittance.
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