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House prices increased 1.4% in UK

Christian Fernsby ▼ | January 3, 2020
House prices ended 2019 1.4% higher than when the year started, according to an index.
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Across the UK, the average house price in December was £215,282 marking a 1.4% annual increase Nationwide Building Society said.

Topics: House UK

It was the strongest annual increase seen in just over a year since November 2018 when there was 1.9% growth.

Property values edged up by 0.1% month on month.

The research also found that Scotland was the strongest performer in terms of house price growth in 2019.

House prices in Scotland were up by 2.8% in the fourth quarter of 2019 compared with a year earlier.

It marked the first time since 2008 that Scotland ended the year as the top performer, Nationwide said.

London was the weakest performer, with an annual house price decline of 1.8% in the fourth quarter of 2019.