Nationwide December 2010 Index reports a marginal increase in the final throngs of 2010, with a slight increase of 0.4%. This coincidentally aligns to the very slight price increase during the whole of 2010, with an annual change also at 0.4%.
Commenting on the figures Martin Gahbauer, Nationwides Chief Economist, said:
“For 2010 as a whole, house prices posted an unremarkable gain of 0.4%, as most of the price increases from the first half of the year were reversed during the second half. The essentially flat outcome for the full year is in line with expectations.”
The perception of Nationwide is that the first half of 2011 is unlikely to change with a continual slow drift down in prices. What the second half will be like is expected to depend on the flow of new property onto the market.
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