2009 sees 5.9% house price rise in UK

Dec. 31, 2009
UK house prices rose by 5.9% in 2009 according to Nationwide's house price index. The average cost of a home rose 0.4% in December to £162,103, the eighth month in a row that the index has shown price rises. The surprise annual rise is in contrast to the 15.9% decline in prices in 2008 recorded by Nationwide. Despite the rise, …

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