Homeowners looking for a quick sale property specialist may be interested to hear that Nationwide has said house prices have remained “surprisingly resilient” in recent months but are likely to fall in the coming year.
The building society’s latest report showed the average value of property in the UK increased by 0.4 per cent last month to £165,798 compared with October, a figure which was also 1.6 per cent higher than the equivalent for November 2010.
However, Nationwide’s chief economist Robert Gardner predicted prices would stay the same or fall in the next 12 months.
“House prices have remained surprisingly resilient in recent months, despite the deterioration in the economic outlook,” he remarked. “But, with the UK economic recovery expected to remain sluggish well into 2012, house price growth is likely to remain soft, with prices moving sideways or drifting modestly lower over the next twelve months.”
December 6, 2011 at 8:00 am | Uncategorized |
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