Nationwide reports small house price rise
www.moneynews.co.uk > Mortgages > Nationwide reports small house price rise
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Money News |
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Nationwide reports small house price rise
Fri 29th Jul 2011
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Although it is a rise, property valuations remained 0.4 per cent lower than 12 months ago, with the average home now valued at £168,731.
Commenting on the figures, Robert Gardner, Nationwide's chief economist, said: "Stability has been the watchword for the UK housing market over the past 12 months.
"Sluggish demand for homes […] has helped to keep property prices relatively stable."
If statistics taken from the UK's Land Registry, which placed June's average property price at £161,479, are taken into account then property prices actually increased in real terms by £7,252.
The figures come following comments this week from online property information website Mouseprice, which put forward the case that confidence is slowly returning to the housing market.
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Related News : Nationwide |
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