Nine out of 13 regions in the UK recorded a house price rise over 2011, in a year of contrasting fortunes ranging from a 5.4% increase in London to an 8.9% drop in Northern Ireland, mortgage lender Nationwide revealed today.
The housing market has remained "surprisingly resilient" this month, Nationwide said today, as the average price of a property increased by 0.4% month-on-month.
Confidence in the UK's financial sector was dealt a blow today after an agency slashed the credit ratings of some of Britain's biggest financial institutions to reflect reduced Government support.