Recent surveys have shown that house prices, sales volumes and mortgage approvals are under continued pressure.
The government’s own house price survey, published by the Department for Communities and Local Government (DCLG) has found that house prices fell in the UK by 1.1% in the month of April. The annual fall was measured at 0.3%.
The DCLG survey echoes the findings of other house price reports from Halifax, Nationwide and the Land Registry.
The regional picture is however more complex with house prices in England actually remaining unchanged, with falls of 15.2%, 1.4% and 1.2% in Northern Ireland, Wales and Scotland respectively. ...