House prices in the UK rose by 1.1% between the first and second quarter of this year, according to new statistics.
The figures released by Nationwide show the average house price now stands at £154,066, compared to £149,709 in quarter one. The most expensive region is London, where the average house prices sits at £256,496. The North of England is currently the cheapest region with house prices standing at 112,348 on average. Martin Gahnauer, chief economist at Nationwide, says the second quarter of 2009 saw a significant improvement in house price trends across all UK regions. "Each UK region saw a moderation in the annual pace of decline, and in some cases these improvements were quite sub...
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