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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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07 March 2002
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Halifax report continuing rise in house prices
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30 May 2002
Nationwide reveal further rise in UK house prices
The latest survey from the Nationwide Building Society has revealed that British house prices rose in May to their highest annual rate in 13 years. Overall, house prices rose by 2.1% during the month, taking their annual growth rate to 17.9% - the highest since the boom of the late 1980s.
Nationwide reveal further rise in UK house prices
The latest survey from the Nationwide Building Society has revealed that British house prices rose in May to their highest annual rate in 13 years. Overall, house prices rose by 2.1% during the month, taking their annual growth rate to 17.9% - the highest since the boom of the late 1980s.
07 December 2005
'Strong rise’ in UK consumer confidence
Consumer confidence is on the rise in the UK ahead of Christmas, the Nationwide building society has reported. The Nationwide reported that its Consumer Confidence Index had risen by 9 points in November to 101 – the largest monthly change recorded.
'Strong rise’ in UK consumer confidence
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29 November 2005
UK house prices ‘return to stable trend’
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.
UK house prices ‘return to stable trend’
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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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
