Summary
Nationwide predicted a revival in the stagnant housing market this spring, while reporting yesterday that house prices crept up by a marginal 0.4 per cent this month.
The building society expects buyers to return as the bogey of a housing market crash fails to materialise - though they will be in no mood to bid up prices as in recent years This month's price increase arose entirely from a seasonal adjustment of the society's figures. In hard cash, the average price has dipped by pounds 866 since December to pounds 151,757, although over the past 12 months Nationwide's house price index has still risen by 12.6 per cent.See the full content of this document
Extract
House Market Set to Bloom in Spring
Nationwide economist Alex Bannister noted that would-be buyers have been sitting on the sideline until the outlo...
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