There has been a 1.1 per cent increase in the average UK house price between the first and second quarters of this year, figures have revealed.
The latest house price index from Nationwide revealed there had been a modest rise in costs across the country, with London properties faring particularly well.
"Each UK region saw a moderation in the annual pace of decline, and in some cases these improvements were quite substantial," noted Martin Gahbauer, Nationwide's chief economist.
He added that eight out of 13 regions had seen an increase in prices during the second quarter of 2009, with Greater London properties rising in value by 4.8 per cent.
The UK's strongest performance, however, was seen in East Anglia where prices escalated by 5.2 over the quarter.
In response to these figures, the Royal Institute of Chartered Surveyors said the property market had seemed to reach a floor for the time being at least.
See Also: Property News (0)
Date Published: 30 June 2009
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