House prices have taken a turn for the worse as they are falling even further than ever. House prices dropped another 2 in February pushing the annual rate of decline from 15.1 to 16.5.
The average property is now worth £153,862 which is a drop of £30,361 in the past year. House price inflation continues to fall as it has done for the past 18 months, due to the recession.
But these low prices have fuelled an increase in buyer interest, and have been rising for the past 4 months.
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