March 30, 2010 | 
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Nationwide today announced a 0.7% increase in House Prices during March, as compared to February. This revered the decline in prices seen in February but also confirms the slowing of the price rises seen during 2009.
Nationwide is the first major organisation to announce House Price figures for March. Their smoother and less volatile three month on three month percentage showed a slight slowdown from 1.8% to 1.6%. Compared to last year figures were 9% higher, though this is down from 9.2% from last month.
“The last two months are consistent with a relatively flat profile for house prices, and in line with the recent drops seen in buyer enquiries and house sales.” Commented Martin Gahbauer, Nationwide’s Chief Economist.
“With greater than usual political and economic uncertainty ahead of the upcoming general election, potential homebuyers are proceeding cautiously.”
For more information read the Nationwide HPI report: http://www.nationwide.co.uk/hpi/historical/Mar_2010.pdf
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Categories: House Price Index |
Tags: House Price Index, HPI, March HPI 2010, Nationwide | 
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