000			01240cam a2200205 4500
001			WB@3612-514
008			041202n2004 000 0 eng u
035			_a(Sirsi) u128177
245			_a2005 housing forecast
260			_c2004
490			_aNationwide Press Release _v30 November 2004 (5)
520			_aAccording 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
590			_aWB
590			_aWB
650			_aHOUSING MARKET FORECASTS
650			_aHOUSE PRICE INFLATION
650			_aHOUSING-HOUSE PRICES
690			_aHOUSING-MARKET
942			_n0
999			_c118392 _d118392