Private landlords who purchased buy-to-let property at the start of 2009 may welcome the latest figures from Nationwide.

According to the financial services company, on average, house prices rose by 3.4 per cent over the year with the typical value now standing at £162,116.

Greater London experienced the greatest growth of all regions in the UK, followed by the east Midlands in the final quarter of the year.

"Whilst the strong housing market performance of the 2000s is good news for homeowners, it is less positive for those looking to get on the housing ladder,"said chief economist for the firm Martin Gahbauer.

However, not all regions saw a growth in house prices over the year. The north of England saw prices fall by a further two per cent in 2009, it added.

According to the Rent Index earlier in December, over the past three months, rental payments have fallen by 0.03 per cent over the last six months of the year.

Written by Sarah FieldADNFCR-2002-ID-19535358-ADNFCR

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