House prices in the UK fell by one per cent during February as the market suffered its traditional quiet period, Government figures showed yesterday.
The Office of the Deputy Prime Minister said the average property cost £160,937 during the month, down from £162,559 in January.
It said the reduction was a result of the market's seasonal slowdown, which was picked up in its figures because they are not seasonally adjusted.
Prices also fell by 1.1 per cent during February 2003.
Wednesday April 14, 2004
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