Rat and Mouse
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Mon
15
Oct
Market report - what's this... a bull market? Forbes lose their heads

So if you're prepared to believe this, this and this, then you've got to believe this is evidence of a bullish, upwardly mobile British housing market... haven't you? Maybe not. Today's Righmove figures for September show a rise of 2.7% in the month, leaving annual inflation at 10.4%. Rightmove have managed to equate an increase in supply with an increase in prices, pointing out a sudden rise in the number of three-bedroom homes being marketed before the September 10 HIPs switch-on, which might have skewed the index by over-weighting it with higher value properties. They may well be right, although it always astounds the Rat and Mouse that - at a time when the market may be toppling and vendors have so many important issues to grapple with - a few hundred quid one way or the other within the context of an expensive move (especially at this end of the market) will be a factor.

Meanwhile, over at Forbes:

20071015Forbes-1

20071015Forbes2

FYI - that 5% is the London gain... just like the good/bad (as you see appropriate) old days.

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