House prices flat outside London
THE average house price slipped 0.2 per cent in January, to stand at £162,228, according to Nationwide.
Robert Gardiner, Nationwide’s chief economist, expects house prices to stagnate or fall slightly in the coming months.
Meanwhile, according to the latest Land Registry data, prices stayed flat in December, to bring the annual fall across England and Wales to 1.3 per cent.
London was the only region where house prices went up, by 2.8 per cent, while prices in the North-east fell 7.1 per cent last year to end up at £99,464. In the West Midlands and Yorkshire & Humber regions, the annual drop was 3.2 per cent, and in the NorthWest 3.4 per cent. House prices in Wales fell three per cent.