Up on the month (of October... they're always late) by 0.6%, down on the year by 0.4%. Regionally, London's still 3.9% in the black over 12 months, which is helping to skew the national picture. Take London and the south east out of the equation and the average fall October-to-October is 1.8%. Interestingly - and this one caught me by surprise - new-builds have done better over the year (+12.1%!) than pre-owned dwellings (-1.2%), suggesting what? That surveyors have been conservative on new-build valuations? That developers have been keen to shift bricks-and-mortar? More here.
Technorati Tags: property, real estate