Thursday, July 30, 2009
Citywire response to Nationwide’s latest survey
It canâ€™t really be happening, can it? Surely house prices canâ€™t be rising again, even before the last bubble has properly burst? Apparently so, according to todayâ€™s monthly survey from Nationwide, which shows average house prices climbing for the third consecutive month in July. One month of rises could be a blip, two an anomaly, but three? Three is starting to sound like a trend, isnâ€™t it? Nationwide is even daring to suggest that prices may end 2009 higher than where they started. How depressing. Only in this country could we get so excited about the level of house prices over the course of a few weeks on the back of pitifully low levels of activity.