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MSE News: Nationwide: House prices flat in November

Former_MSE_Guy
Former_MSE_Guy Posts: 1,650 Forumite
I've been Money Tipped! Newshound! Chutzpah Haggler
in House buying, renting & selling
"The average UK house price stands at £163,853, showing a decline on a year ago, but with ..."
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Nationwide: House prices flat in November


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Comments

  • brit1234
    brit1234 Posts: 5,385 Forumite
    Good news that year after year house prices are falling however we still need bigger falls for property to become affordable.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • rickbonar.
    rickbonar. Posts: 99 Forumite
    The housing market needs a kick start.. perhaps the new governer of the Bank of England will do what Mervyn King failed to do and will raise the interest rates!
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Unlikely, he is another one of these low interest fanatics going on his Canadian form. He will just prolong the downturn with low interest rates and inflation will continue to eat up our non increasing wages.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • hanlou007
    hanlou007 Posts: 99 Forumite
    be surprised if there is an interest rate rise of significance for the next 2 or 3 years
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    hanlou007 wrote: »
    be surprised if there is an interest rate rise of significance for the next 2 or 3 years

    I'd double those numbers at the very least.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • rickbonar.
    rickbonar. Posts: 99 Forumite
    brit1234 wrote: »
    Unlikely, he is another one of these low interest fanatics going on his Canadian form. He will just prolong the downturn with low interest rates and inflation will continue to eat up our non increasing wages.

    Well Brit it's not much point in employing him if that's the case...
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