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UK house prices fell 1pct in 2012, says Nationwide

Posted on 04 January 2013

House prices dropped by 1pc in 2012, reversing a 1pc increase the year before, and are likely to remain flat or edge lower still during 2013, Nationwide said.The building society said that the average property was valued at £162,262 at the end of 2012, following a 0.1pc month-on-month drop in December.
Nationwide predicted that activity in the housing market is set to remain subdued this year amid the difficult economy, with prices at similar levels or drifting “modestly lower” over 2013………………………………………..Full Article: Source


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