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30 Dec 2008
Housing market sees another fall
House prices fell by a further 1.9% in November as activity in the market dropped again, says the Land Registry.
This pushed the annual drop in property prices in England and Wales to 12.2% - the 15th consecutive monthly decrease, the figures show.
The price of an average home stood at £161,883 with prices falling in every region over the last year.
The Registry also revealed that the number of sales dipped in the third quarter of the year.
In the three months to end of September, the number of sales was less than half of the 115,697 of the same period the previous year, at 48,599.
In September the number of properties sold for more than £1m fell by 54% to 354 compared with the same month a year earlier.