RICS: Nationwide January house price figures

Commenting on today's Nationwide house price figures, David Stubbs, RICS senior economist said: "Today’s numbers confirm the continuing slowdown in the UK housing market. With activity weak, the market is becoming looser and tilting the balance of power away from sellers and towards buyers. However, conditions in the mortgage market need to improve if the thousands of would-be first time buyers out there are going to be able to get their foot on the ladder in coming months."