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Top performing region in UK

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Average house prices ended last year at £205,898, according to the Nationwide. The figure represented annual house price inflation of 4.4%, the same as the previous year. London’s house price inflation of 3.7% over last year was lower than the UK average – for the first time since 2008, the year that the last housing collapse took hold.

Nationwide chief economist Robert Gardner said that he expects to see house prices gain around 2% this year, with low interest rates expecting to underpin demand while a shortage of supply will continue to provide support for house prices.

He said that East Anglia was the top performing region in the UK, with average prices up 10.1% last year on an annual basis. The north was the weakest region, with almost no change in house prices.

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Tags: house prices up, top performing region in uk, nationwide house price index
Posted on  03/01/2017 by Breadmore Webb
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