6th Jan House prices 'fell 15.9% in 2008'
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House prices fell by 15.9% last year, according to the latest survey by the Nationwide building society.
It says prices fell by another 2.5% in December taking the average house price down to £153,048 - £29,000 less than a year ago.
The building society says that as prices have now fallen for 14 months in a row they are 18% lower than their peak in October 2007.
The Nationwide's chief economist said last year was a "year of turmoil".
© BBC News Channel 6th Januar ...
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2nd Jan House prices 'fall to 2004 level'
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The average price of a UK home has fallen to levels not seen since August 2004, according to the Halifax.
Prices declined by 2.2% in December, to bring the average cost down to £159,896, the lender said.
For 2008 as a whole, prices fell 16.2%, the biggest annual decline since Halifax began keeping records in 1983.
Halifax also said homes were more affordable than at any time since April 2003, when set against earnings. But getting a mortgage is harder for many.
The figures came as data ...
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