DAILY MAIL: House prices are falling in many parts of the country at their fastest pace since records began in 1978, a report has warned.
Across England and Wales, prices are dropping in every region.
And the speed of the decline is at record levels in East Anglia, the South-West, Yorkshire, Humberside and the East Midlands.
The report, from the Royal Institution of Chartered Surveyors, is the latest to confirm that the decade-long house price boom is over.
Soaring numbers of homes are being put up for sale but failing to find a buyer.
The average estate agency has 92 homes on its books, the highest level for a decade. Over the last year, the average number of unsold properties has risen 49 per cent.
Potential buyers are being put off by the fear that a property which they buy today will be worth less tomorrow.
Other would-be buyers are struggling to find a mortgage as banks and building societies introduce more stringent lending criteria. House prices are falling at record rate confirming the end of 10-year boom >>> By Becky Barrow
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