THE annual pace of house price growth is now at its slowest for a year, according to the UK's second biggest mortgage lender.
Nationwide said house price inflation fell to 7.2% in December on an annual basis, down from 8.5% in November.
However, activity in the housing market is likely to pick up in the months ahead, Nationwide said.
Monthly house prices rose by 0.2% in December, taking the average house price up to £188,559.
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