House price rises 'unsustainable'
House price rises 'unsustainable'
- 2001
- Financial Times 1 August 2001, 3 Scotsman 1 August 2001, 1(5) .
Nationwide has warned that the current increase in house prices was unsustainable with annual house price inflation reaching 10.9%. The strong housing market has been fuelled by low mortgage rates and high employment. No crash is expected but a rise in unemployment would help slow things down while an inflation rise would have a greater deleterious effect. Meanwhile the Scottish market is lagging behind the UK.
HOUSE PRICES
HOUSE PRICE INFLATION
MORTGAGE RATES
LONDON
SCOTLAND
HOUSE PRICE TO INCOME RATIO
Nationwide has warned that the current increase in house prices was unsustainable with annual house price inflation reaching 10.9%. The strong housing market has been fuelled by low mortgage rates and high employment. No crash is expected but a rise in unemployment would help slow things down while an inflation rise would have a greater deleterious effect. Meanwhile the Scottish market is lagging behind the UK.
HOUSE PRICES
HOUSE PRICE INFLATION
MORTGAGE RATES
LONDON
SCOTLAND
HOUSE PRICE TO INCOME RATIO