House prices continue to fall

Property prices dropped again this month. Homes in England and Wales have dropped in price for the second month in a row. House prices fell by 0.8% in October marking the second consecutive period where month-on-month prices dropped, according to the Land Registry. The report showed that the average house price now stands at £165,505 with Yorkshire and the Humber experiencing the largest drop - prices in the northern region fell by 1.8% leaving the average property valued at £126,292.