http://www.telegraph.co.uk/money/mai...pending228.xml
The average property value has fallen by £7,800 since last summer, according to the latest survey to suggest that the slump in the housing market is worsening.
The average home is now worth £168,500 after falling in price for 10 consecutive months, figures from the monthly report published by Hometrack, the property research company, show.
Prices fell 1.2 per cent in July, an acceleration on the previous month's fall of 1 per cent, and May's fall of 0.5 per cent.
The annual rate of decline is 4.4 per cent — the biggest fall since the research company started its monthly survey in 2001.
The average property value has fallen by £7,800 since last summer, according to the latest survey to suggest that the slump in the housing market is worsening.
The average home is now worth £168,500 after falling in price for 10 consecutive months, figures from the monthly report published by Hometrack, the property research company, show.
Prices fell 1.2 per cent in July, an acceleration on the previous month's fall of 1 per cent, and May's fall of 0.5 per cent.
The annual rate of decline is 4.4 per cent — the biggest fall since the research company started its monthly survey in 2001.
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