Cost of average home in December reaches £269,426, with value over year increasing by almost £12,000

House prices rose for a fourth consecutive month in December, ending 2024 on a “strong footing” with the cost of an average home hitting £269,426, according to Nationwide.

The building society’s monthly tracker found prices rose 0.7% in December on the previous month, with the annual increase in the value of a typical UK home up 4.7%.