Nationwide: House prices dipped 0.2% in January and will be stuck 'sideways' this year | Mail Online
House prices managed to remain fairly steady in January, despite challenging economic conditions and the UK economy contracting in the final three months of 2011, according to Nationwide figures.
Its House Price Index for January found property values, when seasonally adjusted, fell by 0.2 per cent over the month, bringing the average house price down to £162,228, from December’s £163,822.
Sluggish house prices and low mortgage rates mean that first-time buyers have seen the monthly cost of owning a home fall to the lowest level for nearly ten years, says Nationwide. But many are locked out by big deposit requirements and tight credit scoring.
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