House prices are cooling, says Nationwide

Professional Adviser
clock

House prices are finally beginning to cool, suggest the latest statistics from Nationwide, but the v...

House prices are finally beginning to cool, suggest the latest statistics from Nationwide, but the value of homes will still be 25% higher by the end of 2002 than they were at the beginning of the year. Property values rose by 1.4% between September and October, says Alex Bannister, Nationwide's group economist, yet this was the lowest month-on-month change since March, which indicates the market may finally be slowing down. Indications are the South-east is still seeing the most rapid growth of house prices, however there are now concerns that further UK job cuts could soon affec...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •