Friday, Dec 07, 2007
FT index still rising but suggests "softening market"
FT: HP Index rises 0.5% in November
House prices in England and Wales increased by just 0.5% in November, suggesting that last month’s rise of 0.7% was a blip. On an annual basis, the rate of house price inflation has continued the downward path recorded since June, and is now 9.1%, the lowest level since January this year. The FT index is based on all property transactions in England and Wales, and our evidence of a softening market is very much in line with other indices despite the different reporting bases. The prices on which the FT index is based reflect transactions agreed some weeks ago.
Posted by uncle chris @ 06:51 PM (180 views) Add Comment
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