Saturday, Feb 10, 2007
FT Index produced by Acadametrics reveals subdued HPI
Firstrung: House prices rose 6.9% over the past twelve months - FT Index
FT House Price Index - National and Regional January 2007 The latest FT House Price Index, updated with the most recent monthly data from the Land Registry, shows that house prices rose by 0.7% in January and by 6.9% over the past 12 months.
Posted by converted lurker @ 10:49 AM (182 views) Add Comment
4 Comments
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1. enuii said...
These year on year percentages are tumbling month by month as reality starts to set in.
2. David20040_0 said...
With the average price now just under 200K even a 0.5% rise is still a grand. They are still going up at about 1K a month.
Also once prices are high then the 1K rise a month looks smaller in percentage terms.
3. inbreda said...
yes david - like you state, the persentages are starting to shrink. It's hardly balanced out by the fact that the persentage is applied to a much larger house value - after all there was nothing wrong with investors buying two houses when they were half their current value.
4. dohousescrashinthewoods said...
Something to encourage FTBs waiting it out: All this talk of going up a grand a month can be depressing but remember, even if it were true, a 10% deposit would only need to track 10% of the increase. In other words, providing you're saving more than £100 a month, your deposit is increasing as a proportion of the cost of the house you want to buy.
To put it simply, chin up, don't give up and keep saving. It's likely to be ugly, but if you make wise choices now you have a better chance of being first out of the depression to catch the front of the next wave while others are still trying to surface.