The housing boom may be set to end, according to press speculation this weekend.
Nationwide is to publish their housing figures for June today and comments made by those who compile the index suggest recent monthly house price increases are not being sustained. A period of stagnation is forecast as opposed to the crash some have predicted.
The Nationwide index is of particular import as its indices are weighted towards the lower end of the market.
It is suggested that the fewer property transactions taking place each year is responsible for the unpredictability of house prices. This may be positive news, however, as fewer people have overstretched their resources.