Tuesday, May 1, 2007
The market is turning (outside London)
Do not freak out! LandRegistry data is about 2 months old. In March, the average monthly inflation (England & Wales) was 1.0%, but less than in October 2006 (1.3%). The year-on-year change was the highest but that is the average of the past 12 months. Look at the market trend on page 4, we are definitely past the peak outside London.