Friday, May 28, 2010
Property plateau
This is Money: House prices will stall, says Nationwide
The usual factors: low levels of transactions skewing statistics, increased supply, stressed household earnings and possible interest rate rises will repress further price rises over the next year. Still, Nationwide aren't actually saying prices will drop but just hang around. Perhaps the property bulls expect a permanently flat market.
Posted by quiet guy @ 08:08 AM (883 views) Add Comment
4 Comments
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1. Davethebox said...
When have prices EVER stayed flat?
2. who stole my pension? said...
The Nationwide still seems to think the credit crunch never happened. They loose 50% of their deposits in 6 months and still thinks everything will be ok! The directors of Nationwide seem to be fast asleep at the wheel. I have lost patience with their stupidity and have starting pulling my money out! I suspect others will do the same. If they want to keep peoples deposits then they need to pay an interest rate that is comparable to the risk. Unfortunately for these clowns that would be about 15% for them to keep my money as I think the directors will only wake up when they realise all the money has gone. Northern Rock 2 only the remake is scarier then the original!
3. techieman said...
Stall as in a car and just stop or as in an aircraft with catastrophic results?
4. phdinbubbles said...