House prices fall at fastest rate since 1992

A survey by one of the UK’s biggest banks has shown that house prices have fallen by 2.5% in the last month, the fastest fall since the end of the last recession in 1992.

The HBOS House Price Index survey also revealed that there has been a 1% fall in the first quarter of the year, compared to the last three months of 2007.

Many experts in the housing industry have said this decline is natural, coming after a period of sharp house price rises.

House prices have risen by 171% in the last ten years, and by 51% since 2003.

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Best Development Lender - Regentsmead

Louise Fernley, editor of Bridging and Commercial, said: “Our 2010 awards aimed to celebrate the lenders who have not only survived, but thrived over the last year. One of our new awards, for Best Development Lender, deservedly went to Regentsmead after a number of glowing reports from brokers, property developers and other professionals that had worked with them.

“It was an obvious choice for our panel, with everybody agreeing that a firm with an appetite to lend and high-quality service levels is what is sorely needed in the market right now. On behalf of all of us at Bridging & Commercial we’d like to say congratulations to all of the Regentsmead team – and fingers crossed for 2011!”

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