Nationwide says UK property market stable

The UK’s largest building society Nationwide, says that it believes that the UK property market will remain pretty stable over the forthcoming 6 to 12 months.

According to Nationwide, the pressure on property prices is decreasing as new properties enter the market.  They also predict that the UK base rate will not increase during the rest of 2010.  If this is the case, then interest rates should remain at a steady 0.5%.  In turn this should increase liquidity in the mortgage market and help to get the property market flowing.

With the UK property market finally picking up, is it only about to get another kick in the teeth?  The debt problems facing Europe could have a major impact on the UK economy and the longer that the issues persist, the more likely this is to happen, so perhaps we aren’t out of the woods yet.

With new mortgage products coming onto the market all of the time, it is worth investigating what your options are now.