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UK house prices predicted to be flat for a year

Posted on 03 October 2012

House prices will stay flat or drop slightly over the next year despite a gradual recovery in the UK economy, a lender has predicted. The Nationwide has suggested that the Bank of England’s new Funding for Lending scheme, aimed at boosting credit, could support the market.
Prices fell by 1.4% in the year to the end of September, the Nationwide said. A 0.4% drop compared to August left the average UK home valued at £163,964, the lender said………………………………………..Full Article: Source


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