| U.K. house prices stagnated in December and may record a modest increase in 2013, Acadametrics Ltd. said. The average price of a home in England and Wales was 227,026 pounds ($366,000) last month, Acadametrics and LSL Property Services Plc (LSL) said in a monthly report published in London today. From a year earlier, values rose 3.2 percent.
U.K. credit conditions have eased and mortgage approvals have risen in a sign the Bank of England’s new credit program may be starting to have an impact...............................................Full Article: Source
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