House prices rose for the first time in 18 months during December as consumer confidence in the market grew, latest findings from Hometrack revealed yesterday.
The average cost of a home in England and Wales edged ahead to 160,900 – an increase of just 0.1%.
Greater London saw the biggest increase – some 0.3%. However overall prices ended the year an average of 1.57% lower than they started it.
Hometrack expects prices to rise just 1% throughout 2006.