Annual house price changes in England and Wales decreased from 5.3% in February to 3.6% in March, taking the average price to £184,798 according to the latest figures from Land Registry. This is the seventh consecutive decrease in the annual rate of growth.
The monthly change for March, accounting for seasonal adjustments, is -0.4%. The volume of transactions was also down 26% from the same period last year, with an average of 81,926 per month between October 2007 to January 2008, compared with 109,969 per month from October 2006 to January 2007.
