SmartNewHomes.com forecasts housing market slowdown

SmartNewHomes.com has warned that Nationwide’s latest house price figures suggest a housing market slowdown is looming.

David Bexon, managing director, SmartNewHomes.com, says: “While average house prices have seen positive growth in June, and in May, the highest average price for a new home was recorded, consumers should not be fooled into thinking that prices will continue to rise at their current pace.

“The imminent threat of another rate rise in July is likely to result in a significant cooling of the market over the coming months.”