22
March
House prices drop by £45,000 since start of credit crisis
22 March 2011 The Telegraph
The average value of a home in Britain is £201,000, down 18 per cent from £247,500 in October 2007, according to property website Zoopla.
Much of the drop has been seen during the last eight months, with prices dropping 11 per cent since last summer.
The North East has been hardest hit, down 14.12 per cent since last July with average local house prices at £142,242. London has proved to be the most resilient, down 7.59 per cent to £378,295.
