Nationwide predicts little house price growth in 2005

Property forecasts indicate the market has slowed dramatically and will continue to do so throughout next year, after a five-year rally which has seen all house prices in the UK at least double. Whereas house prices has seen the most aggressive growth in the North over recent months, the tables will turn again slightly in the next 12 months as London, Scottish and the Outer Metropolitan borough property prices are predicted to rise by 3% compared with 2% in the North and elsewhere, while only Northern Ireland will see the highest growth of 4%, suggest Nationwide. This again compares w...