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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 3.2% | N/A | |||
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Monthly Change for March
HPI y/y: 5.3%, pr. 6.1% (Feb), 4.1% (Jan), 1.7% (Dec), 1.6% (Nov),
From the Release: "Between 2002 and 2009 the average monthly increase in March was 1.3%; in contrast this March’s rise of just 0.1% is the lowest Rightmove has ever recorded at this time of year. Unsurprisingly, it coincides with a return of sellers, with 34% more properties coming to market compared to March 2009, meaning more competition and less opportunity to increase asking prices." |
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| 6/21 | 7/19 | 8/16 | 9/20 | 10/18 | 11/15 | 12/13 | 1/17 | 2/14 | 3/14 | ||
| Actual | -0.4% | 0.6% | -2.2% | 0.6% | 2.8% | -1.6% | -2.2% | 0.4% | 3.2% | 0.1% | |
| Forecast | |||||||||||
| Previous | 2.4% | -0.4% | 0.6% | -2.2% | 0.6% | 2.8% | -1.6% | -2.2% | 0.4% | 3.2% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 17% | 34% | 32% | N/A | ||
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For February
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| 6/8 | 7/13 | 8/10 | 9/14 | 10/12 | 11/9 | 12/14 | 1/11 | 2/8 | 3/8 | ||
| Actual | -44.1% | -18.1% | -8.1% | 10.7% | 22.0% | 34.0% | 35% | 30% | 32% | 17% | |
| Forecast | -52.0% | -39.6% | -9.8% | -0.1% | 15.1% | 28.0% | 39% | 38% | 28% | 34% | |
| Previous | -58.7% | -43.8% | -17.6% | -5.7% | 10.0% | 22.0% | 34% | 35% | 30% | 32% | |
| Revised From | -59.9% | -44.1% | -18.1% | -8.1% | 10.7% | N/A | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 3.2% | 0.4% | N/A | |||
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Monthly Change for February
HPI y/y: 6.1%, pr. 4.1% (Jan), 1.7% (Dec), 1.6% (Nov), 0.2% (Oct),
From the Release: "Monthly rise of 3.2% has not been beaten since April 2007 - The stock-starved housing market saw a welcome increase in the number of properties coming to market during the month, with over 90,000 new listings on Rightmove. Sellers appear to be hoping for a prosperous new year, and are asking an average of 3.2% more than last month. This average rise of over £7,000 is surprising given the difficult UK and global economic picture. However property in popular locations remains in short supply, supporting upwards price pressure, as seen in London where the average asking price this month is the highest we have ever recorded. Miles Shipside, commercial director of Rightmove comments: “A price jump of over 3% is more comparable to the pre-credit-crunch boom-times. Sellers are setting their sights higher, and some agents are going along with them in order to win scarce instructions. Property for sale remains scarce in popular areas, but new supply to the market has to be priced at what buyers are willing and able to pay. An average increase of over £7,000 may prove to be a bit too spicy for some buyers’ tastes, now that economic constraints have forced them to develop a simpler palate.” |
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Actual | Forecast | Previous | Revised Form | |
| 32% | 28% | 30% | N/A | ||
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For January
From the Release (Stephen Robertson, Director General): "January's VAT increase was lost among a huge number of discounts and promotions. We would have expected non-food inflation to be higher because of the VAT rate reversal, but many shops held off passing the extra costs onto their customers. Fierce competition, in the face of weakening consumer demand and uncertainty about the recovery, is keeping shop prices down." |
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Actual | Forecast | Previous | Revised Form | |
| 0.4% | -2.2% | N/A | |||
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Monthly Change for January
HPI y/y: 4.1%, pr. 1.7% (Dec), 1.6% (Nov), 0.2% (Oct), -1.5% (Sep),
From the Release: "If your New Year’s resolution is to move home, you should note that the first house price statistics relating to activity in 2010 show increases in both seller confidence and buyer interest. The optimism of sellers who have come to market so far in January has resulted in a 0.4% rise, causing a big turnaround in figures that were on course for a third consecutive monthly fall. This coincides with potential home-mover activity hitting new record highs, with the Rightmove website recording its busiest ever week. Miles Shipside, commercial director of Rightmove comments: “This rise in asking prices is an early indicator that new sellers in 2010 have the confidence to try for a higher price, as the index was lined up for a fall until the turn of the year. We were expecting a drop of about 1%, as the majority of this month’s index falls in December, but the optimism of those early January sellers flipped it around. With home-movers setting new search records on Rightmove and a lack of property for sale, the decision of post New Year sellers to ask for a higher price could be a shrewd move. In spite of problems brewing for later in the year, there are definitely some of the ingredients for a buoyant spring, and a window of opportunity that sellers may wish to take advantage of”." |
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Actual | Forecast | Previous | Revised Form | |
| 30% | 38% | 35% | N/A | ||
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For November
From the Release: "The December housing market survey shows the gap between new buyer enquiries and new instructions to estate agents continuing to narrow. However, for the time being the increase in demand still appears to be outstripping the increase in supply, albeit at a more modest pace than previously. This is reflected is the still significant majority of surveyors who are seeing residential property prices rise; the net balance of surveyors reporting price increases (rather than decreases) edged down to 30% from 35% in November. On the demand side, new buyer enquiries increased for the fourteenth consecutive month. However, with the net balance falling to +20, enquiries rose at the slowest pace since January 2009. Other demand indicators are also losing some momentum although they remain in positive territory. The newly agreed sales balance slipped to +22 from +24 while the sales expectations net balance dropped to +6. On the other hand, the actual level of average completed sales per surveyor edged up fractionally to 19.1, the highest reading since March 2008."
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Actual | Forecast | Previous | Revised Form | |
| 35% | 39% | 34% | N/A | ||
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For November
Provided by: Royal Institute of Chartered Surveyors (RICS) Previous Release: HTML PDF |
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Actual | Forecast | Previous | Revised Form | |
| -2.2% | -1.6% | N/A | |||
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Monthly Change for December
HPI y/y: 1.7%, pr. 1.6% (Nov), 0.2% (Oct), -1.5% (Sep),
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Actual | Forecast | Previous | Revised Form | |
| -1.6% | 2.8% | N/A | |||
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Monthly Change for November
HPI y/y: 1.6%, pr. 0.2% (Sep), -1.5% (Aug), -3.1% (Jul), -3.1% (Jun),
The Rightmove house price index showed UK housing prices slide 1.6% in November, which is normal for this time of the year. On the year prices were up 1.6%. That annual rate was the largest increase since May 2008 (+2.2%). Rightmove sees three months of declining prices, as the low stock of homes and approved mortgage availability fail to buck seasonal price-fall trends. Prices should resume their recovery in monthly terms in February. |
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Actual | Forecast | Previous | Revised Form | |
| 34.0% | 28.0% | 22.0% | N/A | ||
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For October
From the Release: "The net balance of Chartered Surveyors reporting rises rather than falls in house prices reached a positive reading of 34 in October, up from 20 percent in September - this is the highest result since December 2006. London is leading the upturn in prices with the net balance of surveyors reporting rises rather than falls for London climbing to 95 percent - the highest figure since December 1996. However, the survey also contains some evidence that vendors are beginning to return to the market. A net balance of 15 percent of surveyors reported that new instructions had increased in October, compared to a reading of five percent in September. Significantly, all regions reported a rise in instructions for the first time since the onset of the credit crunch with the North, the South West and London leading the way."
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Actual | Forecast | Previous | Revised Form | |
| 2.8% | 0.6% | N/A | |||
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Monthly Change for October
HPI y/y: 0.2%, pr.-1.5% (Aug), -3.1% (Jul), -3.1% (Jun),
Housing prices rose 2.8% in October, the highest jump for any October in 6 years, and the biggest monthly increase since February 2008. The report shows that buyers are beginning to line up to snatch up properties as they believe prices have reached a bottom and will continue rising. That comes as a bit of a surprise considering the "current economic backdrop" and "warnings of imminent fiscal austerity by all the main political parties." Still, prices in London are rising by record amounts, and for the first time since June 2008, annual prices posted a positive increase of 0.2%. |
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Actual | Forecast | Previous | Revised Form | |
| 22.0% | 15.1% | 10.0% | 10.7% | ||
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For September
From the Release: "The seasonally adjusted net balance of surveyors reporting rising rather than falling prices over the last three months jumped to 22% in September (from 10% in August). That was the second consecutive positive reading and the highest net balance since May 2007. The latest survey provides further evidence that new demand continues to outpace the supply of property onto the market. The net balance of surveyors reporting an increase rather than a decrease in new buyer enquiries dropped to 36 in September from 47 in August. The new buyer enquiries balance hit a recent high of 66 in June so the pace of new demand growth has eased since then. But the September reading was still one of the highest in the survey's history." |
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Actual | Forecast | Previous | Revised Form | |
| 0.6% | -2.2% | N/A | |||
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Monthly Change for September
HPI y/y: -1.5%, pr. -3.1% (Jul), -3.1% (Jun), -5.5% (Jun),
From the Release: "The onset of the Autumn moving season sees new sellers asking an average of 0.6% more for their properties. Rightmove has also recorded the lowest average stock levels per branch for 18 months, with 29% more properties coming off the market than coming to the market. The lack of choice in popular areas and high deposit requirements are combining to deter existing home owners from taking advantage of more buoyant market conditions to trade up." |
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Actual | Forecast | Previous | Revised Form | |
| 10.7% | -0.1% | -5.7% | -8.1% | ||
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For August
From the Release:
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Actual | Forecast | Previous | Revised Form | |
| -2.2% | 0.6% | N/A | |||
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Monthly Change for August
HPI y/y: -3.1%, pr. -3.1% (Jun), -5.5% (Jun), -6.2% (May),
From the Release: "This month’s fall of 2.2% in new sellers’ average asking prices comes in spite of fresh stock scarcity and record search activity on Rightmove. It re-enforces the fact that we will see a period of bumping along the bottom before we return to consistent growth in house prices." |
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Actual | Forecast | Previous | Revised Form | |
| -8.1% | -9.8% | -17.6% | -18.1% | ||
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For July
The net balance of those reporting increasing house price and those reporting declining house price narrowed to a -8.1% from an upwardly revised -17.6%, better than the expected decline to -9.8%. The keypoints were: Buyer enquiries continue to grow strongly albeit at a slightly slower pace than in June. The new instructions net balance edges into positive territory for the first time in more than two years. Price expectations improve a little further with the net balance climbing to its highest level since April 2007 (RICS). |
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Actual | Forecast | Previous | Revised Form | |
| 0.6% | -0.4% | N/A | |||
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Monthly Change for July
HPI y/y: -3.1%, pr. -5.5% (May), -6.2% (Apr), -7.3% (Mar),
UK home sellers raised asking prices this month by 0.6% in June, following a decline of 0.4% in May. On the year, asking prices were down 3.1%, which continues a trend of improvement. Prices were down as much as 9% in February. The UK housing sector is starting to show signs of recovery after officials rescued banks and started printing money to stimulate lending.
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Actual | Forecast | Previous | Revised Form | |
| -18.1% | -39.6% | -43.8% | -44.1% | ||
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For June
House prices continue to fall, but at a much slower rate than the -43.8% in May. June's figures showed a 18.1% drop. This is a measure for the three months to the current period (June). As fewer homes are put up for sale, and new buyer inquiries increase, the house price balance is at its best since May 2007. |
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Actual | Forecast | Previous | Revised Form | |
| -0.4% | 2.4% | N/A | |||
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Monthly Change for June
HPI y/y: -5.5%, pr. -6.2% (Apr), -7.3% (Mar), -9.1% (Feb),
From the Release: "Average asking prices of properties new to the market fell for the first time in 5 months, suffering a slight decrease of 0.4%. In spite of this hesitation from new sellers, this year’s price recovery still sees asking prices up 6.0% since January, fuelled by a shortage of saleable property and the equity-rich calling the bottom of the market. Miles Shipside, commercial director of Rightmove comments: “For the equity-rich, 2009 has turned out to be the year of the property deal. Those with a good deposit and a stable job are now finding they can afford a better property than two years ago. This puts them in pole position to snap up the short supply of saleable property in the most popular areas. The south appears to be leading the way in terms of increased activity as it has a higher concentration of the mortgageable equity-rich, which conversely means property coming onto the market is in shorter supply as there are fewer forced sellers.” |
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Actual | Forecast | Previous | Revised Form | |
| -44.1% | -52.0% | -58.7% | -59.9% | ||
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For May
From the Release: "The seasonally adjusted net balance of surveyors reporting falling rather than rising prices narrowed again in May. Although it remains well in negative territory, the latest reading of -44.1 represents the best result since November 2007. The May survey provides more evidence that activity in the housing market is continuing to pick up, albeit from historic lows. New buyer enquiries have now increased for seven months in a row; the net balance of surveyors seeing an increase rather than a decrease in buyer interest (compared with the preceding month) climbed in May to its best level since August 1999. The survey also contains more definitive signs that the rebound in enquiries is now feeding thorough into increased transactions. Newly agreed sales, measured on a net balance basis, remained comfortably in positive territory for the third consecutive month and there was a further rise in the average number of sales per surveyor."
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