Nationwide maintains house price forecast between 5-8%

Nationwide Building Society has confirmed that it stands by its original forecast that house prices will grow by around 5-8% in 2007.

Nationwide's chief economist, Fionnuala Earley, said: "We are confident that our original forecast published in December 2006 is still on track and we expect the rate of house price growth to fall from 11% now to around the middle of the 5-8% range."