The value of Britain’s housing market has fallen by £26.9bn, or 0.33%, since the start of the year, as growth in the North East and Wales has failed to counteract falling prices in many other regions across the country.
The nation’s homes decreased in value by an average of £927 each between Jan 1 and June 30 this year, and are now worth a collective £8.2tn, according to figures from property site Zoopla.
While the value of the housing market in the North East has risen by 3.31%, and Wales’ by 1.4%, poor-performing regions such as the South West, which endured a decline in value of 2.51%, and Yorkshire and The Humber (-2.12%), has dragged the overall market value down.
