The annual rate at which house prices in England and Wales are falling continued to accelerate during October to hit a new record of 10.1 per cent, figures showed today.
The average home lost a further 1.5 per cent of its value during the month to stand at £165,529, according to the Land Registry.
It was the 14th month in a row that the annual rate of growth has declined, leaving property costing around the same as it did in the summer of 2006.
