A monthly measure of the change in the asking price of homes for sale, the Rightmove House Price Index has been released, coming in at -2.6% (vs. previous +3.5% in October).
- On a YoY basis the index is at +2% (vs. +1.5% previously)
- The 2.6% drop in November is “the least severe November fall for three years”
- (Asking) Prices up by 2% YoY– the highest annual rate of increase seen in November since 2007
- Rightmove search activity up 20% and enquiries up 11% on same time last year
