House prices continued to decline in March, according to Absa's House Price Index.

According to the data, the average nominal price of middle-segment housing dropped by 0.4% year-on-year in March 2009.

This followed a decline of 0.2% year-on-year in February.

In both nominal and real terms, house prices declined the most in the large segment on a year-on-year basis, and the least in the small segment in recent months.

Mail & Guardian