Rightmove average asking price little changes over the year

Rightmove December HPI

The Rightmove December HPI sees only a 1.5% increase over the year 2011, ending quite an uncertain year pretty unchanged – albeit positive.

The average asking price for December was £223,766 – down -2.7% in the month from Novembers Index.

With RPI still at 5.2% this does actually represent nearly a 4% fall in real terms, but with wages failing to keep in line, affordability is not increased. However low bank interest levels have helped to maintain some sort of balance.

Regional Picture

Regional asking prices obviously differ with key highlights being:

  • London tops the list as usual with an average price of £434,871 – yet this is down by -2.2% over the month but up 6.4% across the whole of 2011-12-20
  • Second up is the South East with an average price of £289,014 – down -6.2% over the month and just up 1.4% in the year.
  • Bottom of the table is the North. Average asking prices here are £141,555, surprisingly up over the month by 0.9% but over the whole of 2011 down by -3.0%

Written by Julie Hanson

Julie is passionate about property – development, investment and portfolio planning. Along with husband Alec, Julie is actively building a property portfolio while helping others to do the same.

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