House prices down for 20th month in a row
2/21/2012
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House prices are perceived to have fallen for the 20th month in succession in February with even London not immune.
The Knight Frank/Markit house price sentiment index fell again to 43.1 –any figure under 50 represents a fall – with Wales (35.2) and Yorkshire & Humberside (38.2) seeing particularly sharp declines. London (49.5) dipped the least but was still in negative territory.
People are marginally more optimistic about the future with the index reading of 50.2 on those expecting the value of their home to rise in the next 12 months.
However, within that total there are sharp differences between people with a mortgage, who expect prices to rise, and those who own outright, who expect prices to fall.
Source: AboutProperty.co.uk