Rat and Mouse
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Mon
27
Mar
House price turning point?

Nationwide chief economist Fionnula Earley is suggesting recent rises in house prices are about to end. Blaming rising unemployment and utility bills, poor value in the market and few prospects for further interest rates cuts, she forecasts an end to the winter mini-boom. Meanwhile, however, Hometrack announces a year-on-year property price index rise of 0.1%, March-to-March. Not much is it? But Hometrack has been traditionally bearish on annual figures. This is the first time they've reported an annual gain since January 2005. The monthly rise was 0.5%, or 1.1% in the capital. More here. And, er, here.

Rightmove - average London property exceeds £300,000 [March 20]
House prices - Halifax reports [March 8]


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