Home prices keep on falling
The 0.2 per cent fall pushed the average house price in England and Wales down to £163,814, 1.5 per cent higher than at the end of 2009, according to the Land Registry.
The number of homes changing hands also remained subdued towards the end of last year, with 55,964 sales taking place in October, the latest month for which figures are available.
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Hide AdTransaction levels were 15 per cent lower than in October 2009, although sales volumes were boosted during the final part of that year due to the approaching end of the stamp duty holiday for people buying lower-value properties.