House prices move up in UK
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House prices in the UK began recovering in early 2009, after two years’ pause. By Q3 2009 the average price of UK houses was only 3% down from a year earlier (-4.4% in real terms), according to Nationwide, one of the UK's biggest mortgage lenders. Prices rose 3.95% (3.3% in real terms) to an average £160,159 (€177,172) during the previous quarter.
Other house price indices broadly confirm this picture. Halifax reported average house prices 7% down on the year to August 2009, at £160,973, but up 4.2% from April 2009, when prices bottomed.
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