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04/09/2001
Nationwide revises housing prediction
The Nationwide building society has reported house prices up 0.4 per cent last month, and predicted that house prices will end the year 11 per cent higher than they began, compared with an earlier forecast of a seven per cent rise.
The revision follows a series of warnings that the UK housing market is set to stagnate, with the Nationwide itself warning last month that "house prices are rising at an unsustainable rate and that the market must slow at some stage".
However the building society said on Tuesday that the slowdown would not kick in until next year.
Tuesday’s report also warned that an increase in interest rates, and fall in the value of sterling, could brake the market even further.
The society credited resilient consumer confidence for its decision to revise upwards its forecast. (MB)
The revision follows a series of warnings that the UK housing market is set to stagnate, with the Nationwide itself warning last month that "house prices are rising at an unsustainable rate and that the market must slow at some stage".
However the building society said on Tuesday that the slowdown would not kick in until next year.
Tuesday’s report also warned that an increase in interest rates, and fall in the value of sterling, could brake the market even further.
The society credited resilient consumer confidence for its decision to revise upwards its forecast. (MB)
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30 May 2002
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29 November 2005
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UK house prices have remained unchanged in November, bringing annual growth down to 2.4%, the Nationwide has reported. The lack of growth followed a strong rebound in prices in October, and the building society said that the overall picture was of stability rather than acceleration.
01 October 2001
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
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