House prices fell by 3.1% year-on-year in March, marking the largest annual decline since July 2009, according to an index.
Across the UK, property values fell by 0.8% month-on-month, taking the average house price to £257,122, Nationwide Building Society said.
Robert Gardner, Nationwide’s chief economist, said: “March saw a further decline in annual house price growth, with prices down 3.1% compared with the same month last year.
