Friday 4 February 2011

Nationwide predicts extended stagnation in property market


Property costs declined by 0.1 per cent last month, taking the average home down to £161,602, according to the latest statistics published by Nationwide,.

This is a year-on-year decrease of 1.1 per cent and means houses now cost less than in September 2009.

Nationwide chief economist Robert Gardner said that although the outlook for the year as a whole is still uncertain, "the most likely outcome is that the pattern of low transaction levels and prices moving sideways or modestly lower will continue through 2011".

Morgan Jones and Pett Solicitors



Conveyancing with prices starting at £250
Click HERE for a FREE Quote
Personal Injury and Clinical Negligence Claims
FREE Initial Advice - Click HERE to begin your Claim

No comments:

Featured post

If it's not broken don't fix it