Rightmove’s House Price Index was released to the media this morning and gives a national picture of house prices and activity over the last month. Here are some key facts.
- Price of property coming to market falls by 1.2% (-£3,660) this month, the first monthly fall at this time of year since 2013
- National average price fall exacerbated by London continuing to readjust and smaller falls in the other southern regions
- Potentially good news for buyers’ finances with average earnings of +2.1% now almost double annual property price increases of +1.1% – the lowest annual rate of house price increase since February 2012
- Number of sales agreed is higher than this time a year ago in all regions, up nationally by 4.8%, showing that demand remains strong for the right property at the right price
Source: Miles Shipside M.R.I.C.S.
Commercial Director at Rightmove