
The Nationwide House Price Index (HPI) for Dec 09 showed a very slight increase of 0.4%, however the year on year annual growth is substantially higher at 5.9%, up from 2.7% in November.
“House prices rose by a further 0.4% in December, continuing the recent trend of moderate month-on-month increases. The 3 month on 3 month rate of change – a smoother indicator of the near term price trend – dropped from 2.8% in November to 2.1% in December, as house price increases toward the end of the year moderated in comparison to those seen in the summer.” Martin Gahbauer, Nationwide’s Chief Economist
Read more at www.nationwide.co.uk/hpi

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