Nationwide predicts 6% price rise in 2007

Nov. 17, 2006
House prices in Britain will rise by 5%-6% next year according to the Nationwide building society. Outgoing chief executive Philip Williamson said: "We are still operating in a relatively low interest rate environment. Rates might go up another 25 basis points but that might be the end of the cycle, 5% might be the top of the cycle." The prediction …

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