UK house prices fall by £1,575 month on month

Nathan Emerson, chief executive of property professionals’ body Propertymark, said: “This house price reduction will be a huge disappointment to many sellers hoping to make gains on a house sale to climb up the housing ladder, but it could also be an opportunity for aspiring homeowners to take advantage of the slight reduction in house prices and take their first step, or next step, on to the housing ladder.”