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Published: Thursday, 29 May 2008, 11:12AM

Fears for ther UK housing market have deepened after figures from Nationwide showed the average cost of a home dropped by 2.5 per cent in May - the seventh running month house prices have slumped.

It is the biggest monthly fall recorded by the building society with average prices now 4.4 per cent lower than a year ago.

The report also revealed that a typical home lost almost £5,000 in value over the month.

To find out how the value of your property may have changed, click on the link below:

House Price Calculator