RTTNews - England and Wales house prices declined 15.9% year-over-year in May, the Land Registry said on Friday. In April, house prices were down 16.2%.

The average house prices dropped 0.2% on a monthly basis to GBP 152,497 in May, compared to the 0.3% fall in the previous month.

Meanwhile, the London house prices decreased 16.1% annually in May, after falling 14.3% in April.

The monthly house prices for London fell 1.5% to GBP 295,325 in May.

For comments and feedback: contact editorial@rttnews.com