UK DATA: Rightmove: Apr House Asking Prices +2.9% m/m; +3.4% y/y
–Rightmove: UK House Asking Prices Hit Record High Value
————————————————————————
UK house asking prices have returned to record high levels in
April, four years after prices crashed as the worldwide interbank
lending crisis shook the UK housing market. House asking prices rose
2.9% on the month in April, 0.5% above the previous record of stg242,410
posted back in May 2008, according to the Rightmove survey. In real
terms, however, they are down 9.9% since May 2008.