UK House prices adjusted for Inflation

Below is an interesting look at house prices since the peak (Nationwide index) unadjusted and adjusting for inflation. I have used the RPI as a measure of inflation (Office for national statistics)). The first plot takes the raw data from the nationwide, while the second plot used PRI after taking out mortgage interest payments. . Both plots show that the return to growth of house price in 2009 faded by the end of the summer and has remained flat since. I will update this for the most recent figure (feb 2010) soon.