House prices rose in December

The price of UK homes went up last month marking the second rise in the last two quarters. Nationwide has revealed that December house prices increased but a small drop may occur in the future. House prices rose slightly by 0.4% in December leaving them marginally higher than the figures from the start of last year, according to a Nationwide survey. The average British home is now worth £163,000 but experts are warning that last month's small rise is not an indication that the value of UK property will stay on the upturn.