House price rises 'unsustainable'
Series: Financial Times ; 1 August 2001, 3 | Scotsman ; 1 August 2001, 1(5)Publication details: 2001Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3730-15 (Browse shelf(Opens below)) | 1 | Available | 113900-1001 |
Browsing London shelves, Shelving location: News article Close shelf browser (Hides shelf browser)
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.