Friday, October 2, 2009

Nationwide, doubt, where’s Fionnuala

Nationwide doubts housing crash is over, despite fifth month of rising prices

UK's largest building society warns of 'considerable headwinds' in the property market, although prices are back to 2008 levels.

Posted by mken @ 08:20 PM (907 views)
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3 thoughts on “Nationwide, doubt, where’s Fionnuala

  • What else would a bank with inflated property assets on their books report? Organisations with interests in the property should not report anything because they can influence people’s decisions. I suggest only BoE should be allowed to report but after analyzing serious data.

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  • The BoE is the biggest vested interest about! They are the last people who should be allowed to comment.

    Nationwide is starting to get worried about all the intervention from the BoE in the property market with QE, most notably because it has to come to and end at some point. When that happens, the market goes into freefall and interest rates will soar.

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