There is some good news â two of the UKâs biggest mortgage lenders, the Halifax and Nationwide have decided not to make any house price forecasts next year. The Halifax said it was ‘not appropriateâ due to its impending takeover by Lloyds TSB, while the Nationwide said it was simply too difficult at the moment as âthings are changing so rapidly in the market, which makes it very difficult to forecastâ. Some industry analysts have said that predications of further large falls may become a self-fulfilling prophecy. The two financial institutions had published the most widely followed and long-standing house price surveys each month.
