2005 housing forecast
2005 housing forecast
- 2004
- Nationwide Press Release 30 November 2004 (5) .
According to the "Nationwide forecast 2005", the price of an average UK property is forecast to rise just 2% in 2005. The forecast for 2004 was originally 9%, then it was revised to 15% and the expectation is that 2004 will end up at around 13-14%. The interest rate increases over the last few months have acted as a brake on prices and more realistic price expectations are expected to continue this trend. The Nationwide also forecasts that interest rates will rise again - but will not go much beyond 5%. As a result they expect initial mortgage payments as a percentage of take home pay growth to rise from 24% in November 2003 to 31% by the end of 2005. For the complete forecast go to the website. http://www.nationwide.co.uk
HOUSING MARKET FORECASTS
HOUSE PRICE INFLATION
HOUSING-HOUSE PRICES
According to the "Nationwide forecast 2005", the price of an average UK property is forecast to rise just 2% in 2005. The forecast for 2004 was originally 9%, then it was revised to 15% and the expectation is that 2004 will end up at around 13-14%. The interest rate increases over the last few months have acted as a brake on prices and more realistic price expectations are expected to continue this trend. The Nationwide also forecasts that interest rates will rise again - but will not go much beyond 5%. As a result they expect initial mortgage payments as a percentage of take home pay growth to rise from 24% in November 2003 to 31% by the end of 2005. For the complete forecast go to the website. http://www.nationwide.co.uk
HOUSING MARKET FORECASTS
HOUSE PRICE INFLATION
HOUSING-HOUSE PRICES