Monday, Jul 23, 2007
HPI has fallen from 13.2% to 10.3%
Firstrung: House prices rise by just 0.3% the lowest monthly rise this year - Rightmove
Between January and April asking prices rose by 6.1%, from £222,859 to £236,490. Between April and July they rose by only a further 1.5%, to £240.001. As a consequence, the annual rate of house price inflation has dropped sharply from 13.2% to 10.3%, the lowest yearly rate since it stood at 9.8% in September 2006.
Posted by converted lurker @ 09:45 AM (213 views) Add Comment
4 Comments
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1. david20040_0 said...
That is still over 10 grand in 5 months, that is an awesome return.
2. Pmaupoil said...
"That is still over 10 grand in 5 months, that is an awesome return."
This is an average and houses over 700k in London or perhaps south east mostly make up the increase...
3. dohousescrashinthewoods said...
"asking prices" - aka fantasy prices.
However, I agree with Pmaupoil, this is probably a handful of Londonovzskistan bilion-pound flats, offsetting the 10% falls in the real world.
(exaggeration acknowledgud)
Do we think Gordon will be patting himself on the back about providing affordable housing if the market naturally slows/corrects?
4. uncle chris said...
I love this comment by Miles Shipside in the rightmove report ... "However, depending on local supply and demand, sellers are going to have to duck and weave with their asking prices, especially if there is another rise in interest rates." ... Come on Miles, just say it, sellers are going to have to LOWER their prices. Can't say the C word !