According to authorities, the value of residential property in February fell by 0,3% compared with January. Previously, mortgage lender Halifax and Nationwide Building Society reported that in February, housing prices in the country fell by 1.5 and 1%, respectively. This annualized cost of housing increased by 7%, the newspaper writes The Independent. Among other positive moments of the specialists of the Department marked 25% increase in the number of transactions in December 2009 (Statistics Office is available only for this month). The reduction in house prices is associated with bad weather conditions in the country, which prevented the completion of transactions, and repeated administration of state tax when buying an object value from £ 125 thousand (in 2009 price bracket was raised to £ 175 thousand). Analysts still find it difficult to forecast the market, because it is not clear what was due to falling prices - bad weather and the introduction of state duties, or these data indicate the beginning of a new negative trend.
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