Friday, December 30, 2011
House prices relatively resilient
Posted by David Smith at 11:00 AM
Category: Thoughts and responses

House prices slipped by 0.2% in December but rose by 1% during the whole of 2011 according to the Nationwide Building Society. Prices rose in 9 out of 13 UK regions. Though the price rise was small, and represents a real drop in relation to both earnings and (more especially) inflation, it shows quite a degree of resilience in the market. More here.

Meanwhile, housing equity withdrawal continued to reverse (i.e. there was a net injection), by 8.6 billion in the third quarter, following 9.6 billion in the second. Nothing better illustrates the housng turnround than that. Details here.