House prices continued to fall this month, extending the longest streak of month-on-month drops in prices since the 2008 financial crisis.
The National Building Society confirmed that the average price of the houses that were sold during the month dropped by 0.1%. However, this is a less steep decline than we have seen in recent months.
This is the fourth month in a row that prices have dropped, making it the longest streak of month-on-month drops since 2008. Nationwide said the average home sold for £262,068 during December, with the average price in the North West at £208,600, which is up by 6% compared to this time last year.
