Average house price falls 2% in February

The North West was the region with the most significant monthly price fall with a movement of –4.1%.

The most up-to-date figures available show that during December 2008 the number of completed house sales fell by 55% to 36,341 from 81,300 in December 2007.

In London 3957 house sales were completed in December 2008 compared with 9543 in December 2007. This represents a fall of 59%.

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