06.03.2013 - UK house prices unchanged compared with a year ago, says latest Nationwide index
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
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