British house prices falling

HOUSE prices in England and Wales fell for the second month running during August as the market continued to feel the effects of rising interest rates.

Property website Hometrack said prices dipped by 0.1% during the month to August 18 to an average £152,100 (€226,448).

It is the second month in a row they have fallen by 0.1%, and monthly growth has been steadily falling since reaching a peak of 0.9% in February this year.