Thursday, March 31, 2011
House prices rise, credit flat
Posted by David Smith at 10:30 AM
Category: Thoughts and responses

It may be a very low activity market - and likely to remain so - but house prices aren't doing much either. In fact, according to the Nationwide building society they have been as flat as the proverbial pancake over the past 12 months. A 0.5% rise in March put prices 0.1% up on a year earlier. More details here.

Things aren't going to change much in terms of credit availability, according to the Bank of England's credit conditions survey. Credit supply is slowly increasing but not so you would notice. For business, there is better availability for large firms but no change in the picture for small and medium-sized enterprises. The survey is here.