Monday, July 23, 2007

HPI has fallen from 13.2% to 10.3%

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 (556 views)
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4 thoughts on “HPI has fallen from 13.2% to 10.3%

  • david20040_0 says:

    That is still over 10 grand in 5 months, that is an awesome return.

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  • “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…

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  • dohousescrashinthewoods says:

    “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?

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  • uncle chris says:

    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 !

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