Property prices go against UK

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HOUSE prices have risen for the second month in a row around the country.

However, they fell in some areas, including the North East.

Property prices in the region suffered a 0.2 per cent drop, according to the study by property analyst Hometrack.

Prices rose by 0.1 per cent on average across England and Wales this month, mainly driven by London and the south.

The capital saw the strongest monthly price rise with a 0.3 per cent hike.

Richard Donnell, of Hometrack, said: “Conflicting reports over the strength of the economy, and renewed fears over the prospects for the eurozone could over the coming months impact on buyer confidence.

“As a result we expect price rises to flatten out as we move into the summer.”