Nationwide plays down house price rise March 2011

 

 

House prices increased modestly in March but the positive figures are unlikely to mark the beginning of a strong upturn for the market, Nationwide said today.

 

The 0.5% increase, which marked the third monthly increase within four months, left the average home costing £164,751.

 

Meanwhile, the three-month-on-three-month measure of house prices, which is regarded as a better measure of the underlying trend, also showed a modest rise of 0.6% in March.

 

But Nationwide found little cheer in the figures and warned that prices were likely to move modestly lower through 2011.

 

Robert Gardner, Nationwide's chief economist, said: “The outlook remains uncertain but,all things considered, this is unlikely to mark the beginning of a strong upturn in prices

 

==> More Details Here

%d bloggers like this: