Friday, May 29, 2009
House prices to continue to fall (Capital Economics)
FT: House prices rise in May, but more falls expected
House prices rose for the second time in three months this month, climbing 1.2 per cent. The May hike reduces the annual rate of house price decline to -11.3 per cent. In April house prices were down on an annual basis by -15 per cent, after house prices fell by 0.3 per cent last month (April). The three-month on three-month rate of change – thought to be a smoother indicator of short-term price trends – rose from -3 per cent in April to -0.5 per cent in May and now stands at its highest level since January 2008.
Posted by jack c @ 11:19 AM (338 views) Add Comment
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