Are you sure you want to delete your account?
You have indicated you do not agree to our terms of use, do you wish to delete your account?
Login
person
lock_outline
Why not sign up?

You will also be registered for the agent to contact you via other means you provide, with information relevant to your property search.

Register
There was an error creating your account, please try again. If the problem persists, please contact us and we will investigate.
Password does not match
How would you like to be contacted?

Nationwide- House prices rise 9.4% in last year.

Published: 01/03/2014 By Jason Carlon

Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said:

“House prices recorded their fourteenth successive monthly increase in February, rising by 0.6%. The price of a typical home was 9.4%higher than February 2013. Demand continues to be supported by record low interest rates, improved credit availability and rising consumer confidence thanks to the healthy gains in employment recorded in recent quarters. Price growth is being supported by the fact that the supply of housing remains constrained, with housing completions still well below their pre-crisis levels, which was already
insufficient to keep up with the pace of household formation. For example, in England around 109,500 new homes were built in 2013, this is 38% below the level recorded in 2007 and around half the projected number of households that are expected to form each year in t he years ahead."

Full report: www.nationwide.co.uk/~/media/nationwide.co.uk/pdf/hpi/February_2014.pdf