May 9: FT index confirms slowing housing market

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. Norma Cohen, economics correspondent, talks to Daniel Garrahan of about the figures.