UK house prices continued their descent in March, although they fell more slowly in the first three months of this year than they did in the last quarter of 2008, the latest official data show.
According to the Department for Communities and Local Government, UK house prices in March were 13.6 per cent below their levels of one year earlier, with the prices paid for flats showing the steepest fall. In the three months through March, house prices fell an average of 3.8 per cent compared with a decline of 6.4 per cent in the three months through December.
