The slide in house prices has left the average home in England and Wales costing £164,455.
Current figures show that house prices fell by 0.3% during February as the property market suffered a slowdown following the end of the stamp duty holiday .
According to Land Registry this is the first decrease in ten months, leaving the average home in England and Wales costing £164,455.
This drop is likely to have been caused by the termination of the Government's stamp duty holiday in December, triggering people purchasing lower value properties to rush their purchases prior to the end of the year.
The Nationwide and Halifax reported price decreases for February, of 1% and 1.5% respectively.
In addition, the housing market was affected by bad weather in January.
House prices fall as stamp duty holiday ends
Tue, 06 Apr 2010
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