House prices rise 8.8% according to the Nationwide as first time buyers are back in the market for properties.
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Monthly Archives: January 2014
There is growing concern that increased financial stability in the UK will lead to mortgage rate rises.
Mark Carney, the Governor the Bank of England played down a possible housing bubble.
The Office for National Statistics stated that the London property market had seen price rises of 11.6% in November 2013.
The mortgage industry expects to see further demand for mortgages among consumers in 2014 and that demand remains healthy rather than excessive.
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UK house prices rose in 2013 fuelled by first time buyer demand, say Nationwide, raising the average house price to £176,500.
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