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Author Topic: Nationwide say house prices fell in August  (Read 9009 times)

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The Prophet

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Nationwide say house prices fell in August
« on: September 02, 2011, 11:32:52 am »
The Nationwide house price data suggests that property prices were 0.6% lower in August than in July, and 0.4% down on the same month last year.
The average home now costs £165,914.
Nationwide's chief economist Robert Gardner said.
"For some time now the residential property market has been moving sideways, as weak demand for homes co-existed with a situation where relatively few homes were coming on to the market, a further fall in employment would be likely to upset the relatively delicate demand-supply balance and put downward pressure on prices."

The most recently published Land Registry most recently published figures show prices fell by 8.8% in the North East of England in the year to July. There was also an annual drop in prices in every area of England and Wales, except London


BobTB

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Re: Nationwide say house prices fell in August
« Reply #1 on: September 08, 2011, 02:36:58 pm »
House prices are at least stable at their current relatively low levels now.
I do not think there will be any huge increases or decreases for the rest of the year now.
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