Debate House Prices
Since the Forum relaunch, in order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
Energy Price Cap announcement: Watch Martin Lewis explain what it means for your electricity and gas bills this winter
MSE News: Nationwide: house price growth slowing

672 Posts
This is the discussion thread for the following MSE News Story:
"House prices rose by 0.4% in October, according to the Nationwide house price index ..."
"House prices rose by 0.4% in October, according to the Nationwide house price index ..."
Read the full story:
Nationwide: house price growth slowing
Nationwide: house price growth slowing
0
This discussion has been closed.
Latest MSE News and Guides
Replies
http://www.nationwide.co.uk/hpi/
(MSE Andrea says ok!)
LONDON--U.K. house prices rose less than expected on a monthly basis in October, but still posted their first increase in annual terms for 19 months, the Nationwide Building Society said Friday.
The price of a typical home rose 0.4% on a seasonally-adjusted basis in
October to GBP162,038 following a 0.9% increase in September and 1.4% gain in each of the two months before that.
But although October's rise was the weakest of the last six consecutive
month-on-month increases, it left prices 2.0% higher than in October last year, the first annual increase since March 2008.
Economists were expecting the Nationwide house price index to rise 0.7% on the month and 1.9% on the year in October, according to a Dow Jones Newswires survey of economists last week.
"A moderation in the rate of house price inflation was to be expected, as the very strong monthly increases seen over the summer months were unlikely to be sustainable over the long run," Martin Gahbauer, Nationwide's chief economist, said in a note.
Although house prices have risen 4.6% over the first 10 months of this year,
they remain 13.1% below their October 2007 peak, he said.
House prices have been squeezed higher in recent months by a combination of pent-up demand and a shortage of property for sale on the market. Low interest rates have also helped support the market.
Gahbauer said the moderation in the monthly increase seen in October may be due to a more "natural" level of stock becoming available for sale.
The three-month on three-month rate of change of house prices, which is
generally a smoother indicator of the near-term trend, dropped back to 3.4% in October from 3.8% the previous month, Nationwide said.
Gahbauer said official figures showing U.K. gross domestic product contracted 0.4% on a quarterly basis between July and September were a double-edged sword for the housing market because they suggested demand could remain weak but mortgage rates may also remain lower for longer.
Web site: www.nationwide.co.uk
(MSE Andrea says ok!)
That's the spirit, never say die!
Presumably anyone who wants to move or sell will have to sell to somebody who is out of the market though? (esp if selling a flat)
Well for most of this year the rise as been more than forecast every month. makes a change for an under forecast to come in.
But one things for sure there has never been a correct prediction this year.;)