Nationwide index shows house prices up by 12%

Jones, Lee
June 2009
Money Marketing;6/4/2009, p28
The article reports on the growth in house prices in Great Britain in May 2008. According to the Nationwide house price index, prices for homes rose by 1.2 per cent to £154,016, compared to 11.3 per cent in the same month in 2008. Martin Gahbauer, chief economist at Nationwide, stresses that the condition is brought by the decline of stocks in the housing sector and anticipates that the recession will still affect house prices.


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