UK DATA: Rightmove Feb UK House Asking Prices +4.1% m/m; +1.4% y/y
–Rightmove: House Asking Price m/m Rise Fastest Since Apr 2002
————————————————————————
UK homeowners pushed up their asking prices at the fastest rate for
almost a decade in February, fueled by a scarcity of supply and some
evidence of easing mortgage conditions. The Rightmove data showed asking
prices rose 4.1% on the month in February, the fastest monthly rise
since April 2002, to stand up 1.4% on the year. While February would
normally see a pick-up in activity, this surge in asking prices is
exceptional.