Enable Independent Advisor’s in Bishop’s Stortford were not suprised that UK property prices remain the same in November, according to the Nationwide Building Society.
The average price of a typical home is now worth £163,853, which are just under 1.2% below the level of this time last year, price inflation has remained negative for nine months.
Nationwide predict that house prices will continue to stay flat throughout 2013, but they will at least remain stable.
Robert Gardner, Nationwide’s main economist stated that the key to the housing market, will be the UK’s ability to provide more jobs, and as competition for jobs remains fierce enables employers to keep down pressure on wage growth.
