UK house prices decline for first time in seven years
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Acadata has released its latest house price results for the UK, which shows that house prices are now falling in annual terms for the first time since February 2012:

As shown above, house prices were down by 0.5% across the UK in the year to February, and down by 1.5% across Greater London.
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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.