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UK House Price Growth Slows for First in Thirteen Months, Says Rightmove

UK House Price Growth Slows for First in Thirteen Months, Says Rightmove

2010-03-15 01:36:00
Ilya Spivak, Sr. Currency Strategist
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A gauge of UK House Prices from Rightmove Plc, an online listing of for-sale properties, advanced 5.3 percent in the year to March following a 6.1 percent increase in February, marking the first slowdown in the annual growth rate in 13 months. The decline was liked to an influx of new sellers as the supply of available properties surged by the most in 18 months. Rightmove commercial director Michael Shipside said “restrained pricing is required as a direct consequence of buyers having more choice” but added that Rightmove “still expects further rises in the first half of this year when buyers have picked over the newly marketed stock.”


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