House prices up 1.5 per cent in December

City A.M. Reporter
House prices in England and Wales fell 0.2 per cent in December, leaving them 1.5 per cent higher than the same month a year ago, figures from the Land Registry showed.

The government agency said the average price of a home in December was £164,773.

House price growth has been easing in recent months as tight credit and a reluctance to invest in property due to the uncertain economic outlook have weighed on the housing market.