Friday, March 07, 2008
FT house price index shows February rise
Posted by David Smith at 10:30 AM
Category: Thoughts and responses

While most other house price measures fell last month, the FT-Acadametrics index rose by 0.5%. As it says: "On a monthly basis, house prices in England and Wales rose by a modest 0.5% in February following a three month run of growth rates hovering around zero. On an annual basis, prices increased by 6.1%, down from 6.8% in January. This is the sixth successive month in which the annual rate has fallen and the lowest annual growth rate since June 2006.
London continues to be out of step with the rest of England and Wales, with an annual growth rate of 12.7% (averaged over the last three months) which is some 5% points higher than the next highest region." Details here.

The index presents a bit of presentational problem for the FT, which has taken a more downbeat line on the housing market than its own measure.