Thursday, May 17, 2007
Nationwide forecasts house price slowdown
the times: UK's second-largest mortgage lender says annual house price growth could fall from over 10.% to as little as 5% this year
Britain's housing market will suffer a sharp slowdown during the second half of the year, leading to average annual property price rises this year of as little as 5 per cent, Nationwide, the country's second-biggest mortgage lender, cautioned today.
Posted by abby @ 02:00 PM (149 views) Add Comment
8 Comments
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1. tyrellcorporation said...
PLEASE DON'T RAISE RATES AGAIN! PERRLEEEASE!
It's the old 'things are booming but will cool down very soon' sob story... ignore!
2. maddison said...
If I hear this sort of comment again. " It will cool down later in the year " I am going to SCREAM!
3. dohousescrashinthewoods said...
If it's 10% for the first 6 months, it has to be 0% for the last 6 to balance the figures?
4. george monsoon said...
spin, rubbish, ... as per usual nobody wants to admit that the market has turned..
Now who would like to catch the falling knife?
5. fahrenheit451 said...
The link seems to be broken, so I'll try to method described in a previous post to get it working.
Nationwide forecasts house price slowdown
Now, does it work?
6. fahrenheit451 said...
OK, but it should have opened in a new window;
\\Amazon Website
This might make it through the html setup, if so then "Job Done"
Thanks Paul from article "ICESAVE credit rating downgraded 3 notches"
7. Realist said...
The funny bit is where the mortgage banks send dire warnings to the BoE about not overcooking interest rises, as if a mere slowing down of the rate of house price inflation represents at best a return to normality and at worst some kind of economic disaster!
8. David20040_0 said...
It is always going to cool down later in the year and never flipping does.