Most regions saw price falls during 2012

03 January 2013

  • 11 out of 13 UK regions saw annual price falls during 2012
  • London best performing region in 2012
  • Northern Ireland continued to see largest price falls
  • Within England, the North/South divide in property prices continued to widen
UK Fact File
Average UK House Price


Annual percentage change -1.1%
Quarterly change* 0.5%
Most expensive region London
Least expensive region N Ireland
Strongest annual price change London
Weakest annual price change N Ireland

* Seasonally adjusted
(Note that quarterly % changes are revised when seasonal adjustment factors are re-estimated)

Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said:

“Average UK house prices rose by 0.5% in the final quarter of 2012, after allowing for seasonal effects. Prices were down 1.1% over the year as a whole.

“England continued to outperform the other home nations, with prices down 0.4% in annual terms.”

For more information please see the full reports: House price index


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