UK December Nationwide house prices 0.0% vs 0.0% m/m expected
Prior +0.2%Over the course of the year, UK house prices fell by 1.8% and that is arguably much less hurtful than anticipated considering the rate hikes by the BOE. The average price of a dwelling is seen at £257,443 to end the year. Nationwide does note that a rebound next year "appears unlikely" though as they say that "consumer confidence remains weak and surveyors continue to report subdued levels of new buyer enquiries". This article was written by Justin Low at www.forexlive.com.
- Prior +0.2%
Over the course of the year, UK house prices fell by 1.8% and that is arguably much less hurtful than anticipated considering the rate hikes by the BOE. The average price of a dwelling is seen at £257,443 to end the year. Nationwide does note that a rebound next year "appears unlikely" though as they say that "consumer confidence remains weak and surveyors continue to report subdued levels of new buyer enquiries".
