October's Rightmove asking price index is a bit of a shocker. Average asking prices rose, and by 2.8% in the month, leaving them 1.2% above where they were in October 2010. So what the heck's happening? This (blue = asking prices in the north, red = in the south):

Look how close together they were in January 2007. What's happened since? There's been a southern recovery. Drilling down into today's figures a little further you find asking prices in the south rising a massive 4.7% on the month, while they fell 0.7% in the north. According to the report, this is all indicative of the long forecast effect of public sector job cuts. Get your own copy here.

Technorati Tags: property, real estate