Wednesday, February 20, 2008
House Prices are UP again according to Rightmove and damn those HIPS for prices being adjusted
House prices surged ahead by 3.2% during the past month as the market enjoyed an exaggerated seasonal bounce, new figures show. The average cost of a home in England and Wales rose by more than £7,400 during the four weeks to February 9 to stand at £237,856, according to property website Rightmove. But the group cautioned against reading too much into the survey, saying that while there were signs of renewed optimism among sellers, the figure was likely to have been distorted by the final rollout of the Government's controversial Home Information Packs.