January House Price Fall Confirmed
Government figures released today point to a fall in property prices during January, as the usual pick-up in activity fails to materialise.


House prices fell slightly during January, new figures from the Office of the Deputy Prime Minister have revealed. The price of the average house in the UK fell for the third consecutive month by just £110 to £178,796, according to the figures. The top end of the market appears to be worst affected, with the values of detached and semi-detached houses falling at a faster rate than prices of terraced houses and flats. Sabina Kalyan at housing market specialists Capital Economics said that January?s fall was unusual: ?These numbers are not seasonally adjusted, making it difficult to interpret the underlying movement in prices from one month to the next. However, the start of the year is usually the most active period for the housing market, suggesting that, if anything, these numbers underplay the weakness of the market,? she said. The strength of the Welsh property market continues, following an increase annual inflation. However, every other region in the UK, except London, the North West and the East Midlands, suffered declines.
Sign up for the Country Life Newsletter
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
Country Life is unlike any other magazine: the only glossy weekly on the newsstand and the only magazine that has been guest-edited by HRH The King not once, but twice. It is a celebration of modern rural life and all its diverse joys and pleasures — that was first published in Queen Victoria's Diamond Jubilee year. Our eclectic mixture of witty and informative content — from the most up-to-date property news and commentary and a coveted glimpse inside some of the UK's best houses and gardens, to gardening, the arts and interior design, written by experts in their field — still cannot be found in print or online, anywhere else.
-
A well-connected rural playground with 23 acres on the edge of the South Downs National Park
Old House Farm is an impressive family home with a wealth of amenities that would inspire any rural passion.
By Arabella Youens Published
-
The UK gets its first ‘European stork village’ — and it's in West Sussex
Although the mortality rate among white storks can be up to 90%, the future looks rosy for breeding pairs in southern England.
By Rosie Paterson Published