House prices down 1.9%

House prices dropped during November according to Land Registry figures, with the average value of a home in England and Wales down by 1.9 per cent, or £3,135, to £161,883. It was the fifteenth consecutive monthly decrease. Prices are now 12.2 per cent down in year on year figures – standing at the same level as in February 2006 – and they are ‘on track’ to finish the calendar year down 15 per cent.