House prices up 1.5 percent in December - Land Registry

Published 31st Jan 2011

House prices in England and Wales fell 0.2 percent in December, leaving them 1.5 percent higher than the same month a year ago, figures from the Land Registry showed on Monday.

The government agency said the average price of a home in December was 164,773 pounds.

House price growth has been easing in recent months as tight credit and a reluctance to invest in property due to the uncertain economic outlook have weighed on the housing market.

Source: ' Reuters '

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