Rightmove.co.uk Nov 09 House Price Index (HPI) down -1.6%

Rightmove.co.uk has just released its Nov House Price index (HPI) showing that asking prices of properties are down -1.6% between Sept and Oct 09.

Rightmove.co.uk predict three months of price falls with low stock and that failure of improved mortgage availability to buck the seasonal price fall trend. Evidence also shows there has been no rush to beat the stamp duty deadline.

The annual HPI increase was good though at +1.6%, the largest since May 2008 with 7 out of 10 regions in positive territory.

Read more at www.rightmove.co.uk

Alec Hanson



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