House prices rose modestly in May - their first monthly increase since February - showing a certain stability despite the double dip recession.
The average price of a home rose by 0.3 per cent to £166,022, but this followed a 0.3 per cent drop in April, Nationwide said.
Although demand is relatively weak, supply is weaker, and this lack of homes on the market is helping to keep prices up.
House prices are still 0.7 per cent lower than they were a year ago, although this is a smaller drop than the 0.9 per cent year-on-year decline seen in the previous two months.
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