According to the latest figures from the Nationwide House Price Index, house prices changed little in December, continuing the trend evident throughout 2012.
The price of a typical home in the UK declined by 0.1% during December, meaning the average home is now worth £162,262. Overall throughout the year prices changed very little, declining by 1%; this reverses the 1% increase seen in 2011.
Despite the lack of activity from house prices, the difference between prices in the North and the South of the country showed an ever-widening gap – with the difference as high as £95,000.
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