Friday, June 12, 2009
FT house price index down 0.7%
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

The FT-Acadametrics house price index fell by 0.7% in May and was down by 14.1% on a year earlier. The index, reflecting prices at completion, is gloomier than the latest readings from the Halifax and Nationwide, partly because it reflects sales agreed some months ago. But it also shows signs of a diminishing pace of decline and its compilers suggest prices may bottom out later in the year. The index is here.

Home.co.uk said asking prices have slipped by 0.1% this month and are down by 5.5% on June last year. But its 'time on market' indicator suggests activity is picking up.