Annualised house price inflation falls again

February saw prices on average edge up 0.5% to just shy of £153,000, however, annualised inflation has fallen to 10.2% from 12.6% in January. The fall-off in house price increases seen through the second half of 2004 has abated, Nationwide says, although total gains so far this year at 0.9% suggest the market has stabilised. The lender’s forecast of price growth through 2005 still stands at between 0% to 5%, against the gains so far, which suggest prices would rise by 6% by December. This is unlikely to happen, the lender adds, stating it is still forecasting total inflation this y...