House prices in Hampshire fall (From This is Hampshire)

House prices in Hampshire fall

7:00am Monday 29th October 2007 in

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HOUSE prices in Hampshire have fallen during October amidst signs the property boom could be coming to an end.

Figures released today reveal the drop in prices in the county was one of the largest in Britain.

The fall has knocked nearly £1,000 off the average price of a home in Hampshire, which now stands at £244,826.

Property experts say the statistics for Hampshire are especially worrying because the area had previously experienced rapid growth over the last two years.

The 0.4 per cent fall seen in the county this month is being blamed on higher interest rates and buyer confidence being hit by the problems experienced by mortgage provider Northern Rock.

Only central London saw a greater drop, where prices fell by 0.5 per cent.