Monday, February 19, 2007

Rightmove call top of market?

House prices at 'crossroads' as February asking prices defy normal trend

A smaller than anticipated monthly rise in asking prices has resulted in the sharpest drop in the annual rate for 18 months. The annual rate fell 2% last month, from 13.5% to 11.5%. Analysts are forecasting a slowdown in the annual rate to around half the current level of 11.5% by the end of 2007. However, it is highly unusual for sellers to constrain their price aspirations so early in the year...

Posted by converted lurker @ 10:20 AM (484 views)
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