After May's shock rise houses prices fall by 0.5% in June
2 years ago
The annual rate at which house prices are falling is now 15% ,compared to 16.3% the previous month.
Analysts warned that despite a raft of positive news on the housing market,property prices still have further to fall.
A Spokesman for RICS said " The continuing weakness provides a timely reminder that despite better newsflow emerging from the housing market ,it is far from clear that prices have bottomed"
" The combination of further job losses and a continuing lack of mortgage finance remain major headwinds for the market"