UK house prices up by 0.6% in February - Nationwide

This is fourteenth successive monthly increase and takes the average house price to £177,846, up from £176,491 the previous month. However, prices are still about 3% below their 2007 peak. Nationwide said demand continues to be supported by record low interest rates, improved credit availability and rising consumer confidence thanks to the healthy gains in employment recorded in recent quarters. "Price growth is being supported by the fact that the supply of housing remains constrained, with housing completions still well below their pre-crisis levels, which was already insufficient t...