House prices across the country rose by 8.4% in 2013 as the wider economy picked up, analysis from Nationwide has found.
The building society's house price index showed prices rose 1.4% in December to an average £175,826 but were still about 5% below their 2007 peak. The figures are based on the society's own mortgage lending data so do not give a complete overview of the housing market. Robert Gardner, Nationwide's chief economist, said: “The UK housing market followed the trajectory of the wider economy through 2013, gaining momentum as the year progressed. "The average monthly increase in house prices rose from 0.4% in the first half of the year to 1% in the second half of 2013. Overall, prices...
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