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House prices down £1,000 since start of year

The average house price in the UK has fallen 0.4%, or £1,000, since the beginning of the year, figures from Zoopla show.

The largest falls have been in the south west, where prices are down 0.6%. In contrast, prices in Wales are up 0.4%. On the year prices were 1.4% higher at the end of March.

This is positive news for first-time buyers, Lawrence Hall of Zoopla said. The resilience of the Welsh market, which has often lagged that of England and Scotland, is encouraging.

Click here for the full Guardian article

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