Home Values May Rise in 2009
Published / Last Updated on 02/08/2009
Home Values May Rise in 2009
Nationwide has suggested that there is a “reasonable chance” that house prices will rise in 2009.
Given that house price falls have slowed to an annual rate of 6.2% and the summer property market is more buoyant than expected, they may have cause for optimism.
Yet again, given that Nationwide is still legally a Building Society and therefore must generate 75% of lending via the private housing market, is it ant surprise that they are talking up the housing market.
We agree that falls are slowing down, but they are bound to given the huge falls over the last year.
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