Property Prices Resilient
Published / Last Updated on 16/11/2007
Nationwide
Despite the effects of the recent credit crunch, the housing market has remained resilient and even increased by 0.7 per cent say the Nationwide Building Society.
However, the 3 month rolling figures show that rate of price growth has slowed from 2 per cent to 1.6 per cent for each quarter, which is the lowest since July 2006.
Our view
Although the house market has not succumbed to the so called ‘credit crunch’ affecting Northern Rock and others, it may have an impact later on next year.
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