In February, the average property prices in the United Kingdom decreased by 0.8%. In the north-east England housing cheaper by 4% in Wales - on 1,7%, while in London, by contrast, has risen in price by 3,2%.
According to land registry, the average house price in England and Wales now stands? 184 thousand, reports BBC.
Broken down by type of housing costs detached houses for February fell by 0,3%, prices of duplex (two houses with one adjacent wall) fell by 1,6%, the objects of terraced houses fell by 2,7??%, while flats and apartments - By 2,2%.
Experts believe that the end of 2011 housing prices in the United Kingdom decreased by 5%. Housing market conditions exacerbate the UK job losses, rising inflation and tightening of conditions for the issuance of bank loans.
"At best, the market will remain at this level, at worst - we are witnessing the beginning of a future collapse, especially in regions where unemployment is rising rapidly, " - says the emerging fall in prices of real estate specialist recruitment company Home Fusion Nicholas Eyre.