Nationwide have released their March data report today here.
The data shows a rise of 0.9% for the month with an annual change of -15.7%. House prices are now down from their peak in October 2007 of £186,044 by £35,098 or -18.9%.
Nationwide report this as a surprise bounce and expect a continuation of monthly rises and falls.
Nationwide are not particularly competitive at the moment and require a 15% deposit for any mortgage deals, with the very best deals at 60% Loan to value.
I do wonder if this is reducing the mortgage applications from the properties with the greatest falls for the data sample.