The price of a typical home in the UK is unchanged from a year ago, with values rising just 0.2% last month, according to the latest house price index from the Nationwide. The average house price is now £162,638 and annual house price growth has been flat for two months in a row.
But there are positive signs as well, said Nationwide chief economist Robert Gardner. ‘While activity in the housing market remains subdued by historic standards, there have been tentative signs of a pick up in recent months. The Funding for Lending Scheme has achieved some success in bringing down mortgage rates, with encouraging signs of an improvement in credit availability,’ he explained………………………………………..Full Article: Source