HOUSE prices dropped by 3.7 per cent in Wyre Forest in March.

But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 7.1 per cent annual growth.

The average Wyre Forest house price in March was £227,848, Land Registry figures show – a 3.7 per cent decrease on February.

Over the month, the picture was worse than that across West Midlands, where prices increased 1.1 per cent, and Wyre Forest underperformed compared to the 0.3% rise for the UK as a whole.

Over the last year, the average sale price of property in Wyre Forest rose by £15,000 – putting the area 29th among West Midlands’s 30 local authorities with price data for annual growth.

The best annual growth in the region was in Herefordshire, where property prices increased on average by 15.2 per cent, to £297,000.