Thursday, Jun 29, 2006

Nationwide house price figures released for June

BBC News: House price inflation 'subdued'

House prices rose 0.3% in June, figures from the Nationwide building society have shown, the third consecutive month of what it called "subdued growth". On a three-monthly basis, price growth slowed to 1% in the three months to June from 1.6% in the previous period.

Posted by webmaster @ 08:53 AM (534 views)
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2 Comments

1. denzil said...

Now what I take from this is that HPI is "subdued" but "subdued" through a period where mortgage lenders are barely able to print enough cash to satisfy new mortgages. Those of a vested interest have also talked of lack of supply pushing prices up but HPI has slowed to 1% over the last three month according to Nationwide.

It's fair to say with interest rate rises soon to be upon us things do not look too steady for the housing market.

As a side point there must be a few areas seeing some solid HPI as where I am the market is as lifeless as week old dead fish and I'm seeing an escalation in the number of properties that have switched agent and dropped price by 5-10%.

Thursday, June 29, 2006 09:23AM Report Comment
 

2. inbreda said...

VESTED INTERESTS SAY HOUSE PRICES UP 300%.

Mr Dishonest Fellow of Vested Interest Estate Agency said today that figures released by Nationwide showed house price inflation has increased by 300% in the last month.

Admittedly only because growth last month was 0.1%.

Thursday, June 29, 2006 11:12AM Report Comment
 

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