Friday, Mar 09, 2007
FT house price index
FT.com: House inflation still too high for comfort
The housing market in East Anglia and the Midlands appears to have cooled, but exceptional demand in London's most fashionable districts has kept the national rate of price inflatiion high. The latest FT HPI includes a breakdown of the London boroughs. Kensington and Chelsea show the highest gains.
Posted by jellycaster @ 10:06 AM (140 views) Add Comment
2 Comments
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1. Davros said...
The no crash devotees on this site continually point to a single months figures as proof of a continuing boom, however looking at the overall trend, it's clear the house price boom has peaked. Take away the London factor and it's moreso. If large areas of the country are averaging 4% year on year growth, that's not even up there with savings rates.
2. dohousescrashinthewoods said...
Hear hear. I know a chap who owned a bunch of appartments around here and apparently he has been quietly disposing of them. Only a few to go. He bought a good while back, so needless to say he is making a fortune cashing in his chips. Which makes me wonder if those in the know are indeed propping up the market while they clear out?
Then again, anyone can see that property is going nowhere fast so should be leaving the building in an orderly fashion before the screaming starts. I (foolishly?) believe we will see things unwinding before the year is out.