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UK house prices fell 1% in 2012, sluggish growth expected in 2013

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The UK house prices fell 0.1% in December, ending 2012 down by 1% as compared with the previous year, and recovery seems to be unlikely given the current economic situation, while house prices in London marginally rose by 0.7% in 2012, with the average London home costing £365,000. Nationwide expects the house prices to stay put at the current level or drop modestly in 2013. The report stated that the north-south...

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