Thursday 30 June 2011

BBC News - Property market 'moving sideways', says Nationwide

BBC News - Property market 'moving sideways', says Nationwide

The housing market has "moved sideways" in the past six months, the Nationwide has said, as house prices remained unchanged in June.

The value of the typical home was the same in June as in the previous month, but 1.1% lower than in June 2010, the building society said.

The average UK home cost £168,205, the Nationwide said.

It expects prices to change little during the rest of the year, owing to the economic climate.

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