Nationwide says house price rises in line with expectations

House prices are expected to stay strong and rise by an average of 7% this year, according to the latest house price figures issued by Nationwide Building Society. Seasonally adjusted UK average house prices rose by 0.8% in April while annual house price inflation moderated to 6.6%, suggesting that the housing market may still be on track as many economists had predicted earlier this year. Discussion has begun in the industry as to whether there is likely to be a recession within the housing sector again this year, given the uncertainty of global economic stability. However, figur...