Archive for the ‘Nationwide’ tag
Market Trend: House prices continue to rise
Ever since February 2009, house prices in the UK have continued to rise. Many experts claim the demand for houses has far exceeded supply, leading to month-on-month growth - with August’s growth level said to be 1.6%. Nationwide claim there has been growth of 3.2% since the start of the year - with growth expected to continue long into the new year.
A property worth £300,000 at the start of the year would now be worth £309,600. If the current monthly trend continued one would expect that property to be worth £335,173 by December. Not only does this allow homeowners to release more equity from their property - it also opens up equity release as an option for those with larger mortgages that they would like to clear from their property - an ever increasing trend given that equity release requires no monthly repayments.
