My favourite source of property information (beggars can´t be choosers), Tinsa the property valuers, indicates a drop of 4.3% from July to July. It does demonstrate that, according to their figures, the fall in house prices is slowing on a month to month basis.
Because this is based on valuations rather than transactions, this can only be used as a very, very rough indicator. I do refer to this, mainly because of the scarcity of accurate transaction value information that is available. I suppose if you aggregate this information with other sources such as the National Office of Statistics, this is the closest one can get. One set of information you can discount immediately are the figures produced by the Ministry of Housing, you may as well ask the cat.
Interestingly, the index uses the year of 2001 as a base, this shows that property prices, in the popular coastal areas, despite the recent downturn, are still double than that of 10 years ago.
