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UK: House prices: No market momentum, says Nationwide

Posted on 02 November 2012

The housing market will take time to gain momentum, despite a rise in prices in October compared with the previous month, the Nationwide has said. The building society said prices rose 0.6% last month, more than offsetting the 0.4% drop in September.
However, property values were still 0.9% down on the same month in 2011. It also said it expected the property market to remain subdued until the economic climate - including wages and employment levels - improved in the UK………………………………………..Full Article: Source


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