The Nationwide's latest prediction is that house prices will continue their steady fall and that UK bank base rate will remain at 0.5% until late 2011.
They claim that house prices have fallen by 3% since June and are now just slightly higher than they were a year ago. Their Chief Executive Graham Beale said "In the housing market, conditions have weakened noticeably over the last six months, with both a decline in buyer demand and a modest downward trend in house prices".
There was no indication that the Nationwide would be offering any exciting new products designed to help the housing market.
For more information please click here Nationwide's latest report
They claim that house prices have fallen by 3% since June and are now just slightly higher than they were a year ago. Their Chief Executive Graham Beale said "In the housing market, conditions have weakened noticeably over the last six months, with both a decline in buyer demand and a modest downward trend in house prices".
There was no indication that the Nationwide would be offering any exciting new products designed to help the housing market.
For more information please click here Nationwide's latest report
