House prices are down 0.3% August to September, the first fall in three months, according to Acadametrics/LSL Property Services, leaving prices down 2.3% on the year. Every region except London showed a decline in the three-month average (when compared year-on-year). In London, prices are still up 1.1%. Interestingly, the number of transactions was higher than they'd expected, unchanged from August. Accompanying comment is about further restrictions in lending, as the banking sector tries to deal with current stormy conditions.

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