Rat and Mouse
Mon
16
Apr
Another Monday morning, another tale of rising house prices...

This time it's Rightmove, reporting a 3.6% rise in house prices in April... the highest monthly rise since April 2002 (when they reported a 4.5% gain). The annual house price inflation figure reaches 15%. The drivers? Seasonal factors, and a rush to beat the forthcoming introduction of HIPs. (The report itself hasn't reached the Rightmove website yet. When it does, I'll return with a link.)

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It should be pointed out that the Rightmove survey is based on asking prices rather than sold or even sale agreed figures. The dramatic rise is probably a reflection of estate agents overvaluing to try and keep ahead of a rising market and boost their registers before June.

Posted by Justin Burns at April 16, 2007 5:40 PM


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