Energy costs could affect house price inflation - Nationwide

Current take-up of housing stock suggests there is still demand for house purchases, in the summer lull, as house price inflation rose 0.1% in August to 18.9% annualised and the average UK house price stands at £153,743. That said, Nationwide’s chief economist Alex Bannister he does indicate he expects it to slow considerably, as the building society now predicts the annual rate of house price inflation to December 2004 will close at 15%, as asking prices are falling slightly in the more expensive areas. It had been anticipated the rise of Bank of England base rates would eventually l...