Last year my house was on the market for £325k. I had no interest at all. I managed to sell this year in May (with difficulty) for £275k. £50k decrease in less than a year (-18%). Shocking.

John, Manchester, UK

Be careful about the Land Registry Figures: they do not adjust for the mix of houses being sold -- so if only the top of the market is moving, the 'average' moves upwards. Halifax and Nationwide correct for this spurious effect.

Tony, Devon,

I look forward to buying property next year at a realistic price. Might even be lucking enough to get a repossession on the cheap. Sorted.

Chris, Belfast, N Ireland

Impossible to sell anything in my area and most people are resigned to a two year slump at least. Maybe alot longer or until wages catch up anyway.
Why do some articles try to soften the blow and protect vested interests when anyone with even the smallest brain can see that the market's had it....

george, aylesbury,

Yes Phil, of course it was a crazy price There is no house or flat in Harrogate that isn't. The point I am making is that Land Registry prices record actual sales. There are tens of thousands of houses which have fallen in price by 30% or 40% and still don't sell.Expect 50% falls in Harrogate.

eric campbell, harrogate, uk

I live in chester. My house has been on the market for 10 months. Accepted an offer for £225K after dropping the price almost every two months. Compared to the initial price (£248k) it's a 10% drop in less than a year.

Paul, Chester, UK

Yes, we re all still out there trying to buy houses at 8x salaries, in the face of a major economic slump, its just the banks wont lend any more...Not!

As for rises in the north etc, sales in my postcode area are down 80% YoY

Cant believe any numbers from a government agency anyway.

A Harris, Kettering, UK

I would never buy an overpriced property. Also most property in Britain is built to standards and designs of past decades ago. The real estate industry is using some formulas that do not reflect the real value of a property. Save yourself from pain.
Don't buy!

Jim Wills, Brisbane, Australia

The 0.4% drops is only an average figure,flats will drop in value at a faster rate unless they're in a good area.Location is key I think.

stephen hulton, eure, france

some prperties in my area have been lowered by 15 % and more but still not a sniff 0.4% is bunkham they are trying to talk the market up but people with eyes and ears on the street can see what is going on, talk is of a 30% correction, that is expected to happen thats why people will not buy now

dave roberts, spalding, lincolnshire

I have a 3-bed terraced house in Exeter for sale. Has been on the market since Feb 07. Accepted an offer in June last year for £167k which subsequently fell through. Had no further interest in it until last month when I accepted £147k. £20k (12%) decrease in less than a year.

Grant, Bristol,

Andrew, London - You obviously bought at the right time, try telling a young couple that they will have to pay 150K more for their house than the new neighbours that moved in next-door 2yrs later. The only real long term winners are the people who buy at or near the bottom of the market.

Andy Hawk, Liverpool, UK

No one in their right mind would buy in a falling market, even if the credit is available, unless they absolutely have to. Those in it for the 'long-term' should realise that it will be at least a decade before houses recover to their current inflated 'values'.

Paul, Coventry,

Eric Campbell - sounds as if it was on at a crazy price to start with. No flat in Harrogate is worth £650k or ever was so you can't say it's dropped in value. Dont forget the Land Registry figures are actual prices paid, not asking prices.

phil, harrogate,

No worries - boom and bustis all old hat - the man who is in it for the long term will win the day. Just remember the saying "Location, location, location."

Andrew , London ,

Properties in Yorkshire fell by 0.4%. Except the flat round the corner from me, reduced from 650,000 to 500,000. Bit more than 0.4% wouldn't you say, like by about 22.6% more. And it still hasn't sold.

eric campbell, harrogate, uk