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House prices rise 1.2%
UK house prices increased by 1.2% in January, according to the latest information released by the Nationwide building society.
House prices have now risen for nine months in succession and the average UK home now costs £163,481.
"House prices strengthened their upward momentum at the start of 2010, increasing by a seasonally adjusted 1.2% month-on-month in January," said Martin Gahbauer, the Nationwide's chief economist.
"Unless there is a fall in property values in February, annual house price inflation is likely to move into double-digit territory next month for the first time since May 2007."
Post Date: January 29th, 2010
House prices have now risen for nine months in succession and the average UK home now costs £163,481.
"House prices strengthened their upward momentum at the start of 2010, increasing by a seasonally adjusted 1.2% month-on-month in January," said Martin Gahbauer, the Nationwide's chief economist.
"Unless there is a fall in property values in February, annual house price inflation is likely to move into double-digit territory next month for the first time since May 2007."
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Post Date: January 29th, 2010
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