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Record Business insider: House buyers turn positive.

HOUSE prices rose 0.4 per cent this month, with signs buyers are becoming more positive, according to a leading building society.

The Nationwide said the average price of a property was now pounds 151,757, while the annual rate of house price inflation had eased 0.1 per cent to 12.6 per cent in December.

Alex Bannister, Nationwide's group economist, said: 'Since last summer, the focus of homeowner and would-be homeowner concern appears to have shifted from how high interest rates will rise to the future direction of house prices.

'Consequently, it is increasingly a buyers' market with prospective buyers staying on the sideline until the outlook becomes more certain.

'However, there are indications sentiment may be about to turn more positive.'


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Title Annotation:Business
Publication:Daily Record (Glasgow, Scotland)
Date:Jan 28, 2005
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