End in sight as rate of house price fall slows?

The last time London had a positive monthly rise was March 2008.

The West Midlands was the region with the most significant monthly price fall with a movement of –2%. The North East experienced the greatest monthly rise with a movement of 1.8%.

The most up-to-date figures available show that during January 2009 the number of completed house sales fell by 57% to 24,770 from 57,810 in January 2008.

In London 2876 house sales were completed in January 2009 compared with 8217 in January 2008. This represents a fall of 65%.

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