Property prices in the UK dipped by 0.3% in 2012 and will remain at the same level during 2013, according to the Halifax.

House prices were 1.3% higher in December than they had been in November, with the average home valued at £163,845 across the UK.

-- Advertisement --

"Overall, last year saw an even mix of monthly rises and falls as prices lacked any real direction as both demand and supply pressures remained largely unchanged during 2012," said Martin Ellis, housing economist at the Halifax.

"We expect continuing broad stability in house prices nationally in 2013 with prices likely to end the year at levels close to where they begin."

(GK)