//
According to the latest report from the property data company, this was the third successive month that values have remained largely unchanged.
As a result, the year-on-year decline has slowed from 8.7 per cent to 7.7 per cent, news that may interest those carrying out trading on the stock market.
Richard Donnell, director of research at the body, explained that an increase in sales and a decline in the amount of property available for purchase has offset unemployment fears, a shortage in mortgage finance and low confidence among buyers.
"The housing market remains in a fragile state," he added, noting that an increase in the supply of properties available for purchase could "easily undermine" the price firming that has taken place in recent months.
A recent report by HM Revenue & Customs found that the number of homes being purchased that are worth over £40,000 increased to 75,000 last month, the highest figure of 2009 so far.
