The average UK house price fell for the fourth straight month in February, but properties in London's hotspots continue to soar.
Research by Nationwide Building Society shows annual rate of house price growth sunk to its lowest level since November 2005, with prices falling 0.5% last month alone and 1% in the last three months.
But contrasting research from estate agents Knight Frank found prime London properties - those valued at £2 million and above - have remained largely unblemished by the tumultuous market conditions, rising 0.6% in February and 2.8% since December.
Chelsea was the top performing area, with an annual growth rate of 30%.
