House prices to rise 15% in 2004 - Nationwide

Quarterly data presented by the building society says the annual house price started high for the first three months of this year and should remain so across the rest of the year, as the average property price is now around £142,584. In particular, house prices rose 1.4% in March and lifted the quarterly house price index by more than 5% in Q1 2004 says Nationwide’s group economist Alex Bannister, while properties in Wales rose by an average 36% in 2003 alone. Previous predictions set by Nationwide suggested house prices would rise by an average 9% in 2004, however, that figure has no...