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Rightmove April 2012 House Price Index

Monday, April 23, 2012

Rightmove April 2012 House Price Index

Rightmove's latest House Price Index (for April) has shown:

  • A rise of 2.9% (£6,798) in April helped national new seller asking prices to reach an all-time high of £243,737, beating the previous record set nearly four years ago in May 2008 by 0.5% (£1,327)
  • London prices have seen a 14.9% (£60,403) increase since the national peak in May 2008 - however new sellers' average asking prices in the rest of the country have fallen by 4.3% over the same period
  • Since the previous record high in May 2008, the four best performing regions in terms of price are in the south - both the 'fresh-stock starved' London and South West regions set new records this month while the South East and East Anglia are currently just 0.3% and 1.1% off new record highs
  • New national record should be considered against retail price inflation of 11.5% since May 2008, meaning that national average asking prices are still down in real terms by 9.9% over the period.

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