UK's Nationwide maintains forecast for 2007 house price inflation of 5-8 pct |
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Published
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Thu, 19 Jul 2007 15:36
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LONDON (Thomson Financial) - Nationwide, the UK's biggest building society, said it is maintaining its forecast for house price growth during 2007 of between 5 and 8 pct.'We are confident that our original forecast published in December 2006 is still on track and we expect the rate of house price growth to fall from 11 pct now to around the middle of the 5-8 pct range,' said Nationwide's chief economist, Fionnuala Earley.The statement follows an announcement earlier today by HBOS PLC that it is upgrading its 2007 house price inflation forecast to 6 pct from 4 pct previously, owing to a stronger than predicted performance during the early part of the year.jessica.mortimer@thomson.comjkm/dcaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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UK house price growth accelerated in Q2, signs of further cooling - Nationwide 