House prices fall in Wales - as they rise for UK

There were fewer house sales in the autumn of 2012, with the Olympics labelled as a distraction Credit: David Cheskin / PA Wire / Press Association Images

House prices fell further in Wales than any other part of the UK in November, according to official figures released today. They show a 1.6% drop here month-on-month, taking the average price to £115,202. That's 0.9% lower than a year before.

The figures show prices struggling in Wales in comparison with the rest of the UK. House prices increased by a UK-wide average of 0.3% in November, to reach £161,490 - that's 0.9% higher than at the same time last year.