Prices to level off in 2008
The Nationwide Building Society claim that property Prices to level off in 2008. The slow down will be due to stricter lending conditions and less first time buyers being able to get on the property ladder.
Overall figures for the UK as a whole will see property prices fall by 5%, however if you live in Scotland they will rise by 4% and Northern Ireland’s increase will buck the trend of slowdown and rise by up to a third.
The mortgage rate was reduced this month to 5.5% down by 0.25%.
Get a full rundown on The Bank Of England Site.
really good post!
Comment by Removal Man — 20 December 2007 @ 7:15 pm