According to the Land Registry house prices in England and Wales fell 1.9% in August, taking the annual rate to -4.6%. An average property now costs £174,493, £8,320 less than a year ago. The news confirms what we already knew; house price falls are accelerating. Completed transactions are falling sharply too. In June (last month Registry has data for) sales were 56% lower than a year earlier. All good stuff and it’s only going to get worse. You can take that to the bank!!!!!