House prices fall by 0.3% in February (Land Registry). London prices fall 0.45%

Houses prices were down 0.3% in February according to the land Registry. The average number of transactions per month (over September to December 2009) was 63,687 compared to an average of 39,892 for the same period in 2008. So volumes are up, which should be good.

Some might be interested to know that prices in London have shown the first drop since May 2009. Overall prices in London dropped by 0.45%. This was consistent over all property types (Detached, Semi-detached, Terraced, Maisonette/Flat, ALL)