Property values fell in January

The housing market has seen a sluggish start to 2011 property prices. Semi-detached, terraced and detached homes fell in price at the start of the year. House prices on all varieties of homes in England and Wales fell in January from the figures recorded during the same period in 2010, according to the Land Registry figures. Property values dropped by 0.9% compared with a year earlier but rose 0.2% compared with December's statistics.