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Nationwide suggest recent price moderation is temporary

31 Oct 2014

The latest Nationwide House Price Index, released yesterday, shows that house price increases are moderating, with the annual rise to October being 9.0%, compared with 9.4% in September. The October rise was the lowest since January

Nationwide also mentioned that mortgage approvals are 20% lower than at the start of the year, and that new buyer enquiries are softening, showing that the market is losing momentum - in line with reports here and here

However, they believe price-rises will pick up again, due to broader economic conditions such as increased employment, consumer confidence indicators and the high likelihood that interest rates will remain low for some time yet

For the Nationwide October report see here


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