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29/01/2010 by bill.
According to the latest Nationwide House Price Report, UK house prices have made a strong start to 2010.
The report shows that house prices rose by 1.2% in January and are up 8.6% year-on-year.
The Nationwide reports that the 3 month on 3 month rate of change – usually a smoother indicator of the near term trend – dipped slightly from 2.3% in December to 2.1% in January, but this primarily reflects the smaller price increases recorded in November and December. 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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