London suffers most as house prices fall

London was hardest-hit by falling house prices in the final quarter of 2007, a new survey from the Halifax shows today, adding to the gloom in the housing market.

Britain's largest mortgage lender said Greater London led price falls in eight regions across the UK with a hefty drop of 6.3%. This was followed by the south east and east Midlands, which each saw a decrease of 2.3%.

In the Guardian