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Nationwide Dec 05 Figures

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I think they are due first thing tomorrow 31st.

I understand they will show a rise but this must be read against the Nationwide quarterly data report for Q3 earlier this month (which showed -ve yoy for certain areas) and the lending approvals figures over the last few months which have been higher than usual (its those pesky 9% of the market FTBers piling in again).

Here is a report of analyst expectations. Lets see if it bears similarity to the actual figures.

Analysts expect the Nationwide, the UK's largest building society, to show that house prices grew a monthly 0.5 pct in January, and the central bank to show mortgage approvals staying at an elevated 115,000 in December but net mortgage lending during the month slightly lower at 8.5 bln stg.

Despite the pick-up in the market, there are a number of analysts cautioning about the sustainability of the improvement.

'We view the current strengthening trend in mortgage activity to be an adjustment to the sharp weakness a year ago and that the stretched nature of household finances suggest that it could peter out fairly soon,' said Philip Shaw, chief UK economist at Investec Securities.

Those stretched household finances are expected to be evident in the Bank's consumer credit numbers, published alongside the mortgage data. Net consumer credit is only expected to rise 1.0 bln stg in December, slightly up on November's 0.9 bln equivalent, but still 50 pct lower than a year ago.

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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