"The latest Financial Times House Price Index shows house prices practically grinding to a halt, going from a double-digit growth rate in the summer to 0.1% in December. This represents their lowest monthly increase of the year and the slowest monthly rate since July 2005.
Price increases were down from 8.9% in November to 7.9% in December. There was considerable regional variation, with the South performing better than the rest of the country, and the annual increase in London – an average 17.4% over the last three months – being almost double that of the next highest region. The North and West Midlands are the regions showing the slowest growth in house prices, with annualised inflation rates of 3.4 and 3.5% respectively..."
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