House prices still falling - Nationwide

Annualised house price inflation, according to the index, has slipped to 12.7% - the lowest rate for almost three years the lender says. The latest annualised rate is down from 15% in November. However, despite the slowdown, prices are still three times their level of 1995, and with the average house nationwide costing £152,623 first time buyers are still finding it difficult to get on the property ladder. And the rate of inflation through 2004 means the average property increased in value by £47 daily, making 2004 the fourth consecutive year of double digit house price inflation, ...