【The Telegraph】England recorded its first annual house price fall since 2012, Nationwide finds

Its latest house price index found London prices slumped 3.8pc in the first quarter of the year – the fastest pace of decline since 2009 and the seventh consecutive quarter in which prices have declined in the capital. The average property price in London stands at £455,594.

Nationally, prices were 0.7pc higher in March than in the same month last year, and a modest 0.3pc rise from February, pushing up the average UK house price to £213,102.

Meanwhile, England recorded its first annual price fall since 2012, with prices in the first three months of the year down 0.7pc from the same period in 2018, driven by declines in the South East.

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by  Sophie Smith 

29 MARCH 2019 • 10:43AM