House price fall rate accelerates
House prices remained broadly unchanged during January but the annual rate at which they are falling continued to accelerate during the month, figures have shown.
The average cost of a home in the UK rose by 0.2% during the month to stand at £195,724, according to the Department of Communities and Local Government.
But properties lost a record 11.5% of their value during the year to the end of January - the 15th month in a row that the annual rate of house price inflation has deteriorated.
