02 October 2012
- 10 out of 13 UK regions saw annual price falls in the third quarter
- London prices only 2% below their peak
- Northern Ireland continues to see largest price falls
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said: “Average UK house prices fell by 0.5% in the third quarter, after allowing for seasonal effects. Prices were down 1.6% compared with the same quarter in 2011.
“There was a significant divergence in performance between the home nations in Q3. England outperformed by a significant margin, with prices down just 0.3% in annual terms.”
For more information please see the full reports: House price index