House prices rose by 8.4% in 2013, Nationwide says
UK house prices rose by 8.4% in 2013 as the economy started to gain momentum, according to the Nationwide Building Society.
The annual rise meant the average home was now valued at £175,826, it said.
The change was driven by annual house price growth of 14.9% in the final quarter compared with a year earlier in London, but prices rose in all regions.
However, it said the average UK property price remained 5% below the peak in prices reached in late 2007.
The Nationwide’s figures are based on the lender’s own mortgage data, so do not give a complete picture of the UK housing market.
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