House prices continue to fall

THE decline in the property market continued in September, with the latest figures showing another drop in average house values.

Developers desperate to sell new houses are now trying to hook buyers by providing incentives like property fit-outs and other “add-ons”, as the value of new homes fell by almost 2% in the space of nine months.

While the price slump is bad news for developers and auctioneers, it provides some relief for buyers who have been waiting to get onto the property ladder, or to progress to the next step.