Friday, Nov 17, 2006

Nationwide revises 07 house price inscreases

Guardian Unlimited: Nationwide predicts house prices to rise 5-6% in 2007

Britain's biggest building society today predicted that house prices would rise by 5-6% in 2007. Nationwide also said it expected prices to end this year up 8%.That was an upwards revision of its forecast in August that they would rise 5% this year, which was itself an increase on the previous prediction of 0%-3% annual growth.

Posted by jellycaster @ 04:49 PM (410 views)
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3 Comments

1. David20040_0 said...

Up up up they go, it will be higher than 6%

Saturday, November 18, 2006 11:12AM Report Comment
 

2. David20040_0 said...

I don't understand this country. If house prices rise by 250 every week next year, then that completely wipes out my salary even if I save every penny. This doesn't make sense how long can this stupid boom go on for. Where is all this money coming from? The average age of a first time buyer is 37 in Scotland! This is just getting stupid and really depressing.

Saturday, November 18, 2006 12:38PM Report Comment
 

3. Nohpc said...

Not depressing if you own a home but I can see it from your view point. As stated before renting is cheaper than a mortgage at the moment by a lot unless you have a large deposit. This saving is not likely to be as much as the house price rises due for next year but it will still negate them somewhat. Then a small correction everywhere except london (you are pretty much screwed if you live here. Even if prices drop they are still sky high) and away you go.

Saturday, November 18, 2006 09:51PM Report Comment
 

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