House prices in England and Wales rose by 1.7% in 2012 - the fastest rate for more than two years, the Land Registry has said. The average price of a property rose by 0.8% in December compared with the previous month, bringing the average price to £162,080.
The rise during 2012 was driven by property values in London. The figures suggested prices overall were increasing, unlike data recorded in other recent surveys………………………………………..Full Article: Source