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According to Moneyextra the average property values prices fell in March to their lowest level since October last year.
At £220,303, the average price is up just 4.8% on year-ago levels and is actually down 1.2% on February’s £222,9231.
Property values fell both for first-time buyers and for home movers.
However, the fall of just £891 - to an average £176,205 - for first-time buyers underlines that this is the sector of the housing market still experiencing the greatest price pressures.
Despite the falls seen in the last month, first-time buyers are still facing the largest increases in prices year on year, with the average price experienced by those looking to buy a house for the first time rising by 5.9%.
The average value of mortgages actually completed by AWD Moneyextra customers in March fell again to its lowest level for three months at £142,708.75. The most popular mortgage lender in March was Lloyds TSB subsidiary Cheltenham & Gloucester.
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