Qualified advisers answering your
Financial Questions
call 0800 092 1245

Nationwide and Halifax drop housing forecasts

Today's announcement that the Nationwide and Halifax are to drop their housing forecasts due to excessive turbulence in the market has caught many observers by surprise. These are the two main providers of data to the housing market and the fact that they are uncertain as to both the quality and assurance of such data in current markets is of concern.

This withdrawal or a vital part of the housing market in the UK should not be underestimated and also serves to highlight the uncertain and volatile nature of the housing market at the moment. Many countries around the world have decided to acquire empty properties for social housing and while nothing has been announced as yet this could be an option for the UK government. Some observers would then class this as a "false market" which would be supported by taxpayer's money in the short to medium term.

It is also worth remembering that there are substantial regional variations in the housing market which have been extenuated during the current market turmoil. Those looking to sell their homes appear willing to drop their price time and time again which makes measuring and predicting future price variations very difficult.

Share this..

Related stories

Financial Guides

Financial Calculators

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

Latest News


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