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PRICES ARE INCREASING AGAIN IN UNITED KINGDOM

RSS/XML Tuesday 19 February 2008 à 18:34 PM

According to the British site of online announcements Rightmove, prices raised by 3.2 % in 237 856 pounds sterling (+7 428 GBP) in one month, the first increase since last November.

It makes the growth of prices rising by 5.8 %, in the annual rhythm.

Just a disadvantage: the number of new accommodation put for sale in February (132 000) is less than the amount of 2007 (144 000) and 2006 (155 000).

Rightmove explains this detachment by the obligation for the owners, since December, 2007, to establish Home Information Pack (HIP), the equivalent of property diagnoses in France. The owners (of small accommodations in most of the cases), sold in great numbers before HIP had to be applied.


The owners sold in great numbers before the coming into force of the HIP to avoid undertaking the valuation of their good. Clearly, the detachment of accommodation put for sale in February would correspond rather to a correction of the market.

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