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House prices in England and Wales dropped 0.1% on a monthly basis in August, the Land Registry said on Monday. The average house price amounted to GBP 155,968 in August.
On an annual basis, house prices fell 9.4% in August. This is a significant improvement from the record decline of 16% in February.
Meanwhile, the monthly house prices for London and West Midlands increased 0.8% each, in August.
In June, the number of completed house sales in England and Wales decreased 17% year-on-year to 48,903 from 58,636 a year ago.
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