FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Nationwide warns of property market complacency

Despite the fact that the Nationwide property survey shows that house prices in the UK have risen for the eighth consecutive month, the building society is still concerned about the immediate outlook for the market. House prices rose by 0.4% in December, which contributed to a rise of 6% over the last 12 months, with the average house price in the UK now valued at just over £162,000. While the market has rebounded far quicker and far stronger than many had forecast in early 2008 there are still concerns for 2010.

When you consider that house prices are still more than 12% below the peak of 2007, although nearly 9% above the low point of February 2009, there really are different angles and different opinions open to observers. Whether you take the opinion that UK house prices have risen too quickly or perhaps pent-up demand is now kicking in, there are a number of factors and features to consider for 2010.

Ultimately, the UK economy is still struggling, unemployment has not yet peaked and disposable income is under pressure and will impact upon economic growth in the retail and consumer markets. Against this backdrop UK banks have yet to improve their liquidity ratios for the business and consumer markets and finance is still not readily available for many.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue