Government’s figures show record fall in house prices

Property prices in the UK fell by 10.2 per cent in 2008, with a 2.3 per cent fall in December alone, Communities and Local Government figures indicate. The steepest drop was in Northern Ireland – down 17.9 per cent – while in England they were down by 10.4 per cent and in Wales by 10.3 per cent. Only Scotland saw a single digit drop – a fall of 6 per cent.