FXstreet.com (Barcelona) - House prices have decreased 0.5% in January, above the 0.1% decline forecasted by market analysts, according to the latest survey released by the Nationwide Building Society.

February's decrease has been the fourth consecutive monthly fall, it follows a 0.3% decline posted in January and it takes the year-on-year price increase down to 2.7%, from 4.3% in January.

The year-on-year decrease has declined probably too sharply from January, due to the strong increase in housing prices posted in February last year, the three-month on 3-month rate of price growth has fallen to -1% from -0.4% in the previous month.