House Price Index

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Slowest March ever recorded on Rightmove

  % Change in month% Change Past YearAve house price
March HPI0.1%5.3%£229,614
Feb HPI3.2%6.1%£229,398

Key points

  • Virtual price standstill as new sellers ask just 0.1% (£216) more – the lowest rise ever recorded in March
  • Previously snowbound sellers return, leading to highest new property supply for 18 months
  • First quarter of 2010 shows overall asking price gain of 3.7% (£8,151) despite distortions from severe weather
  • Potential first-time buyers still struggling to enter home-ownership

View Index comparison

index-comparison-table

Rightmove: compiled from asking prices of properties as they come on the market via Rightmove's member estate agents over the previous month, covering over 90% the market. Not seasonally adjusted. (Seasonally adjusted figure used for the Halifax from Nov 2003, as no unadjusted figure has been published.)

Halifax: based on mortgage approvals of loans agreed by Halifax Bank of Scotland over the previous month, seasonally adjusted.

Nationwide: based on mortgage approvals of loans agreed by Nationwide Building Society over the previous month, seasonally adjusted.

Rightmove measures asking prices and does not seasonally adjust its figures, while Nationwide and Halifax both report data based on mortgage offers, seasonally adjusted. The index offered by the CLG (Department of Communities and Local Government) measures prices at completion stage, not seasonally adjusted.

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