The ‘poll of polls’, carried out in conjunction with the Centre for Economics and Business Research, analyses all the house price data in the other major surveys and aggregates their results.
It calculates that houses prices fell by 1.3% in February, an annual decrease of 16.1%.
Flats and terrace properties have fallen hardest, with year on year declines of 17.6% and 16.9% respectively.
In London, prices have decreased by an average of £54,592 since their peak in February 2008.
