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R>Residential property prices in the UK remained unchanged in November with the typical home now worth $163,853, according to the latest index from the Nationwide Building Society.
It means that prices are just 1.2% below the level prevailing 12 months ago but the annual rate of house price inflation has remained in negative territory for nine months in a row.
The outlook is poor with Nationwide expecting prices to remain broadly flat or even decline in 2013.
Robert Gardner, Nationwide's chief economist said that the pace of decline remained extremely slow but added that the predominant theme remains one of stability.
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