Although prices rose by 0.5%, losses over the preceeding period caused flat pricing overall.
Mortgage lenders report that UK house prices rose by 0.5% in January but that this was unchanged year on year, comapred to the same time in 2012. This is due to the fact that most regions saw price falls during 2012 and as 11 out of 13 UK regions saw annual price falls over the period.

Northern Ireland continued to see largest price falls and in addition, in England, the North/South divide in property prices was wider.

The typical UK home is now worth a tad over £162,000.

London best performing region in 2012, perhaps due, in part at least, to the influence of wealthy Russian and other overseas buyers.