Experts say there is little prospect of the market picking up for a while
The average cost of a house in England and Wales now stands at £153,600 - 2.2% lower than January 2010.
Both buyers and sellers are staying away from the market as uncertainty lingers over interest rates this year.
Estate agents have reported a decrease of almost 10% in the amount of people registering on their book, contributing to the 26% drop in demand in the last six months
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