UK property prices up again in December but outlook for 2010 uncertain, latest figures show

[Nicholas Wallwork]

Residential property prices in the UK rose by 5.9% in 2009 as the real estate market bounced back*from last year's double digit declines, according to the latest figures to be published.

The average cost of a UK home rose by another 0.4% in December to £162,103, marking the eighth*straight month of price increases, according to the Nationwide Building Society.

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