Survey: British House Prices Fall again in September

British house prices slid in September, falling for the third month in a row, as the property market continued to struggle, a leading survey showed on Thursday.

House prices dropped 0.4 percent in September, after falling by 0.5 percent the previous month, according to data from home-loans provider Halifax.

Halifax, which is part of state-controlled Lloyds Banking Group, added on Thursday that the average house price in Britain stood at £159,486 (198,695 euros, $257,122) in September, which was 1.2 percent lower than one year ago.

"The generally weak economic climate remains a significant constraint on housing demand," noted Halifax housing economist Martin Ellis said in a statement.

"The relatively low level of mortgage payments in relation to income, however, continues to provide support for house prices. We expect house prices to be broadly unchanged over the rest of this year and into 2013."