Nationwide Building Society House Price Index

Nationwide has today released its latest figures on the average house price indices

Guess what, prices have gone down, again! Well we all knew that and that it was going to happen - this is the fifth consecutive month the average house price has gone down but the 'experts' reckon the house value is actually up on last year - pah!

Compared to one year ago, house prices remain 1% higher, year on year that is, wow!

The slowed market is, it is claimed, reflective of the higher cost of borrowing, higher interest rates and a severe slowing of earnings growth - fear of redundancy is not yet quoted but we do recommend someone looking to protect themselves and sickness insurance also