UK house prices fell by 0.2 per cent in April according to the latest FT/Acadametrics House price index, while the March figure was revised downward to show a 0.2 per cent fall in the first back-to-back monthly reading of falling house prices since April 1995.

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Norma Cohen explains why the drop in prices is less severe than those recorded by other surveys

The drop in prices, although more modest than those recorded by other surveys, lends further evidence to what is now widely expected to be a trend for 2008; falling housing values.