Friday, July 11, 2008
FT house price index merely slips
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

The FT house price index, compiled by Acadametrics, continues to provide an oasis of calm when set against the Halifax and Nationwide numbers. It showed a drop of 0.6% last month but a rise of 1.2% compared with a year earlier. Prices are slipping rather than crashing. The lenders' data started falling very sharply four months ago, and might have been expected to feed through to this, the broadest index, by now, so something is going on. The index is here, together with accompanying tables.