Price of property slides but sales rise

House prices fell by nearly 3% in the last three months of 2012, bringing last year’s overall drop to 14.8%.

Property prices fell steadily last year, but the rate of decline increased in the last quarter, with prices falling 2.9% in October, November, and December compared to a 2.2% drop in July, August, and Sept-ember.

However there is good news out there, as the number of houses sold nationally was up 15.4% on 2011.