UK Rightmove house Prices for February
Up 2.0% m/m
- prior +0.4%
- Prices sought by sellers during the month to February 11 - when there is typically a seasonal price spike of about 5 percent - were just 2.0 percent higher than the month before
- The weakest increase for the time of year since 2009
+2.3% y/y
- The smallest increase since April 2013
- expected +2.8%
- prior +3.2%
(More via Reuters) ...
Rightmove comments:
- Signs of a slowing property market
- "Perhaps we're approaching the territory where many buyers are unable or unwilling to pay what sellers are asking, given the negative combination of rises in the cost of living, tighter lending criteria, and a dose of Brexit uncertainty" Rightmove director Miles Shipside said
- But Rightmove said there was still strong interest among potential buyers with traffic to its site - which advertises about 90 percent of homes for sale - hitting a new record for the month of January
