swindonweb®  home    make this my homepage
myswindonwebbusiness   LOGIN / REGISTER  
Date added: 02 October 2008

House prices continue to weaken 

But Nationwide suggest long-term prospects are more sound
 
 
Fionnuala Earley Nationwide Chief Ecconomist
Nationwide Chief Economist
Fionnuala Earley
Swindon-based Nationwide announced their latest house price figures this morning - and it's mixed news for home owners.
 
In the short-term, prices are still on the slide, but indicators do suggest that there may be some stabilisation in the pace of house price falls.
 
Commenting on today's news, Fionnuala Earley, Nationwide's Chief Economist, said:

“House prices fell by 1.7% in September.

"This brings the price of a typical house in the UK to £161,797, 12.4% less than at this time last year.

"House prices have now fallen for eleven consecutive months, but the monthly rate of fall has been almost unchanged in the last three months.

"The less volatile three-month-on-three month series has also barely changed for the last three months, after accelerating in the first half of the year. This may suggest the beginning of some stabilisation in the pace of house price falls."
RELATED CONTENT
Swindon Businesses Meet the Chamber
Swindon Businesses Meet the Chamber Business leaders in Swindon gain an insight into the membership of the Swindon Chamber of Commerce...
More30 November 2009
Enterprising Women Awards
Enterprising Women Awards Celebrating exceptional female entrepreneurs throughout Britain...
More30 November 2009
SSEP Conference 2009
SSEP Conference 2009 'Driving Swindon Forward' the topic as business leaders look to 2010...
MoreTV23 November 2009
Nationwide re-think helps tracker mortgage holders
Swindon-based society scrap 2.75% floor on tracker mortgages...
More04 December 2008
SSEP Conference 2008
SSEP Conference 2008 Location and good people why Swindon can survive the downturn, say business leaders...
MoreTV14 November 2008
Interest rates slashed
Interest rates slashed But it's good news - and bad news - from the Nationwide...
More07 November 2008
No need to ask permission?
No need to ask permission? Improving your Swindon home may have just got easier...
More
Nationwide takes over two building societies
Nationwide takes over two building societies Swindon financial giant grows to 15 million members...
More07 September 2008
Record Low
Record Low Forget the weather, it's the economy that's looking stormy according to Nationwide...
More06 August 2008
RELATED LINKS
Nationwide Building Society - website
RELATED BUSINESSES
  Nationwide Building Society  
myswindonweb
Berkeley House 234x60
AMS Accountancy
Monahans - Chartered Accountants and Financial Advisors
The Hair Group, Old Town, Swindon
The Brunel Shopping Centre Swindon