Friday, December 07, 2007
FT House price index
Posted by David Smith at 10:15 AM

The FT-Acadametrics house price index has been published and, partly due to the fact that it reflects prices at a different stage of the buying cycle, presents a different picture to other measures. The highlights:

* On a monthly basis, house prices in England and Wales rose by 0.5% in November, down from 0.7% in the previous month.

* On an annual basis, prices increased by 9.1%, down from 10.2% in June and the lowest annual growth rate since January.

* London remains completely out of step with the rest of England and Wales, with an annual growth rate of 18.5% (averaged over the last three months) which is nearly double the next highest region.

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