3 out of 4 ain't bad

Lastest figures from Nationwide show that house prices have recorded a rise in three out of the last 4 months.

The bad news is turnover is much lower than the year before and hence, the figures are subject to all sorts of different biases.

The economists at Nationwide attempt to account for the different types of property being sold in the different periods, but nevertheless, this does make the figures more of a stab at accurance rather than gospel truth.

Still, the market has levelled off and not fallen as much as predicted largely as a result of the ultra-low interest rates.