Nationwide predicts 0% housing growth - papers 20th May

Professional Adviser
clock

NATIONWIDE BUILDING SOCIETY has warned the mortgage market will shrink by nearly a third this year at the same time as it sharply cut its house price growth forecast, reports this morning's Daily Telegraph .

Nationwide chief executive Philip Williamson said prices are expected to show zero growth during 2005 and 2% in a best case scenario, along with total industry lending of just £70bn compared with £100bn in 2004. This is a major revision of the group’s house price predictions, having previously suggested they would close the year up between 2% and 5%. STANDARD AND POOR’S has plans to launch an annual private equity index from next year in an attempt to open transparency in the venture capital market, says this morning’s Times. Unfortunately, another story in the Times suggests the i...

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

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

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 •