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Rightmove house price index February 2007 [electronic resource]

By: Language: English Series: Rightmove House Price Index ; February 2007Publication details: London Rightmove 2007Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Shows that annual asking price inflation has dropped by 2%, which is the sharpest fall for 18 months. 143 000 newly marketed properties have increased in price by just 0.9%, by far the lowest February figure for the last five years. Estate agents continue to report good levels of sales activity, and data shows average property for sale per estate agency branch at a three year low for this time of year. This, in conjunction with a speeding up of stock turnover since the New Year, has led to a fall in time on the market, from 88 to 78 days. The contrary statistics point to the shock January interest rate rise knocking sellers' traditional New Year optimism.
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 136710-1001

Shows that annual asking price inflation has dropped by 2%, which is the sharpest fall for 18 months. 143 000 newly marketed properties have increased in price by just 0.9%, by far the lowest February figure for the last five years. Estate agents continue to report good levels of sales activity, and data shows average property for sale per estate agency branch at a three year low for this time of year. This, in conjunction with a speeding up of stock turnover since the New Year, has led to a fall in time on the market, from 88 to 78 days. The contrary statistics point to the shock January interest rate rise knocking sellers' traditional New Year optimism.

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