Nationwide Building Society House Price Index Sept 16

[_V_]

Key Points:

House prices increased by 0.3% in September

Annual house price growth slowed to 5.3% from 5.6% in August

Full report here:

http://www.nationwide.co.uk/~/media/...ep_Q3_2016.pdf

Latest release:

"After fifteen successive monthly increases UK house prices were unchanged in October (after taking account of seasonal factors). As a result, the annual rate of house price growth slowed to 4.6%, from 5.3% in September."

Things that go up must stop before falling.

No one can afford a Mac Book Pro, but maybe soon someone can afford to buy a home.

[northernladuk]

“With interest rates expected to remain low and schemes,
such as Help to Buy, helping to provide those with smaller
deposits access to finance, housebuilders should have
confidence that there will be sufficient demand from buyers
if more homes are built. The major housebuilders appear to
have capacity to expand output, with most reporting land
banks that could support around five years’ worth of
construction at current rates of building activity. However,
there is a risk that the uncertain economic outlook may
weigh on activity in the period ahead.

Well Help To Buy is being closed. Be interesting to see if that affects the demand.

[Martin@AS Financial]

Key Points:

House prices increased by 0.3% in September

Annual house price growth slowed to 5.3% from 5.6% in August

Full report here:

http://www.nationwide.co.uk/~/media/...ep_Q3_2016.pdf