by Rachel Crook
There has been a further slowing in the decline in house prices in England and Wales, according to fresh Land Registry figures.
Data for May revealed a drop of just 0.2 per cent, compared with 0.5 per cent in April, suggesting that the market may be bottoming out.
Five of the ten regions saw prices rise, with the largest increase being 1.2 per cent in Wales.
However, London prices dropped by 1.5 per cent, taking the capital's average back below the £300,000 level to £295,325.
Commenting on the figures, managing director of investor portal Smartlandlord.co.uk Keshav Thukaram suggested that now is a good time for landlords to add to their property portfolios as prices "offer the best value".
Published on: June 26, 2009