Flats 'see biggest price falls'

City centre flats dominate a survey indicating the 10 areas in England and Wales with the biggest annual fall in property prices. Birmingham Canal tops the list - compiled by property website mouseprice.com - after a 17.3% drop in the value of homes in the past year. The study found properties west of the city centre - mostly new-build flats - fell to an average value of £153,500. The list also includes areas in Manchester, Leeds and London. See breakdown of areas with biggest property price falls "Interestingly, the greatest price falls are not connected with how expensive the relative locations are," said Selwyn Lim, director of Mouseprice.com. "Price falls have not discriminated according to how much a property cost in the first place or how desirable an area was." 'No surprise' First-time buyers Matt Cartwright and his... [read full story]