House prices are falling in a third of UK postcode areas, nearly TRIPLE the share of a year ago

In London and the South East, 85% of homes are now in postcode areas where prices are dropping, according to Zoopla's latest House Price Index. The average London home is worth £5,400 less than a year ago, a 1% fall. Central London's WC area is down 5.7%, and the south coast is also sliding. The North West is rising, up 3.2%.

Sales agreed are down 7% on last year, while homes for sale are up 7%.