Nationwide chief forecasts 25% fall in house prices
The chief executive of Nationwide Building Society, Graham Beale, is predicting that house prices will continue to fall during 2008/09 and possibly into 2010. Mr Beale is expecting a peak to trough decline of 25%, after which improved affordability ratios will encourage first-time buyers back into the market. The comments came as the UK’s largest building society [...]
Nationwide chief forecasts 25% fall in house prices
