UK house prices show first annual rise in a year - Nationwide
LONDON (Reuters) - British house prices were 0.8 percent higher this month than a year ago, data from mortgage lender Nationwide showed on Thursday, the first time prices have risen in annual terms since February 2012.
Over the month house prices were flat.
Although housing turnover remains little more than half its peak level of 2007, prices appear to have stabilised. Rival lender Halifax turned more upbeat on the market earlier this month and is forecasting "low single digit" gains for 2013 as a whole.
Nationwide said property prices were being supported by robust employment growth, more attractive mortgage rates and a lack of new homes coming on the market.
London remained the best performing regional market with prices at a new record high. The worst performing region was Scotland.
- Tweet this
- Share this
- Digg this
- Yazidis haunted by cries for help as militants bury victims alive
- Analysis - Financial market storm brewing as 2014 winds down
- Hong Kong leader plays waiting game, protesters demand he resign |
- Dallas Ebola patient vomited outside apartment on way to hospital |
- UPDATE 6-Dallas Ebola patient vomited outside apartment on way to hospital