Fears For Hold Up In Housing Market

Published: 02 March 2011

Nationwide have reported prices had risen slightly in February, by 0.3%, to leave them 0.1% lower than they were a year ago.

It means the average UK house price is now £161,183.

The UK property market has been recognised as slowing with seasonally adjusted prices more or less flat over the past six months.

The Building Society believe that the demand for homes has levelled out, supported by historically low interest rates and some stabilisation in the labour market.

Some economists and commentators have predicted quite a sharp fall in prices this year, possibly by more than 10% with people now reluctant to sell.