House Price Index

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Asking prices jump by 3.5%

  % Change in month% Change Past YearAve house price
Oct HPI+3.5%1.5%£243,168
Sep HPI-0.6%0.7%£234,858

Key points

  • Post-Olympic prices rebound by 3.5% (+£8,310) as new sellers seek to reverse a summer of monthly falls totalling 4.6% (-£11,377)
  • All regions show increases, with above average rises in London (+4.8%), South East, West Midlands (both +3.9%) and North West (+3.8%), indicating ‘life in the market’
  • Though new sellers and their estate agents are testing higher prices, Rightmove research shows:

    - Few segments of the market can currently justify higher property values than the price peaks of 2007/8

    - Fewer than two in five buyers would arrange to visit a suitable property if they believe it is ‘over-priced’

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