February 16, 2010 | 
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The Rightmove.co.uk House Price Index (HPI) released this week shows the increase in average house price to be 3.2%, up to £229,398. This is a jump from the very low growth of 0.4% in Januarys figures. It also represents a 6.1% increase over the past year.
According to rightmove.co.uk this has been a result of the lack of new sellers, allowing asking prices to be bumped up. They state that:
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Monthly rise reminiscent of boom-times; there has been no higher rise since April 2007 when we saw a 3.7% increase
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January sees record search activity on rightmove.co.uk, up 29% on same period last year
- The economic fundamentals cannot support further price increases of this magnitude
For more information visit: http://www.rightmove.co.uk/news/house-price-index/february-2010
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Categories: House Price Index, Property |
Tags: House Price Index, HPI, January HPI 2010, rightmove.co.uk | 
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