March 15, 2010 | 
Author 
Rightmove.co.uk today announced its March House Price Index (HPI) showing that there has been a virtual showdown between the sellers and buyers with sellers only asking 0.1% more than previous. This minute rise, a mere £216, is the lowest rise ever recorded in March.
Other Key points:
- Up 5.3% over the year
- 2010 1st quarter shows 3.7% gain (even through the extreme weather)
- New property supply is highest for 18 Months
“We still forecast some further rises in the first half of this year when buyers have picked over the newly marketed stock, though the small increase in March shows how much more unpredictable the market has become” Miles Shipside, commercial director of Rightmove.
Interestingly Rightmove.co.uk was the only organisation that reported a rise in House prices in their February HPIs, both Halifax and Nationwide showed a decrease (-1.5% and -1% resprectively)
For more information visit: www.rightmove.co.uk/news/house-price-index/march-2010-house-price-index
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Categories: House Price Index |
Tags: February HPI 2010, House Price Index, HPI, rightmove.co.uk | 
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