What is happening to house prices: the Home guide

In this guide

June 2008

• Home Asking Price Index, June 2008: decline in asking prices continues

  England and Wales asking prices fell 0.2% in May and 1.1% over the second quarter of 2008, with every region posting quarterly declines except London and the South East.

  12 June 2008

May 2008

• Home Asking Price Index, May 2008: asking prices weaken further

  Asking prices in England and Wales fell 0.3% in May 2008, with annual growth slowing to a 15 month low of 2.2%.

  13 May 2008

April 2008

• Home Asking Price Index, April 2008: sellers begin to price to market

  Average asking prices in England and Wales fell 0.7% in April 2008, with annual growth slowing to 2.6%, well below inflation.

  14 April 2008

March 2008

• Home Asking Price Index, March 2008: property numbers surge as sellers panic

  Average asking prices in England and Wales rose 1.4% in March 2008, driven by a surge in premium London listings, while the annual increase reached 4.4%.

  12 March 2008

February 2008

• Home Asking Price Index, February 2008: house prices fall in all regions

  Asking prices in England and Wales fell by 1.5% this month while annual growth slowed to 3.7%, with prices falling in every region.

  12 February 2008

January 2008

• Home Asking Price Index, January 2008: house prices falter in uncertain market

  Asking prices in England and Wales fell 0.3% this month, though annual growth remained at 5.2%, while Greater London prices dropped 1.2%.

  14 January 2008

December 2007

• Home Asking Price Index, December 2007: iR cut buoys sellers' confidence

  Asking prices in England and Wales rose 1.1% in December 2007, lifting the annual increase to 5.8% as sellers gained confidence after the interest rate cut.

  12 December 2007

November 2007

• Home Asking Price Index, November 2007: hIPs afford home prices hollow boost

  Asking prices in England and Wales rose 0.4% in November 2007, while annual growth slowed to 4.9% amid a HIPs driven surge in larger properties.

  13 November 2007

October 2007

• Home Asking Price Index, October 2007: house prices fall further

  Asking prices in England and Wales fell 0.6% in September, remaining 5.9% higher than a year earlier despite falls in six of nine regions.

  12 October 2007

September 2007

• Home Asking Price Index, September 2007: prices slide as confidence crumbles

  Average asking prices in England and Wales fell 0.4% in September, the first monthly drop since August 2006, though annual growth remained at 7.1%.

  12 September 2007

August 2007

• Home Asking Price Index, August 2007: confident sellers shrug off rate hikes

  Asking prices in England and Wales rose 1.3% during July, lifting the annual increase to 7.7% while Greater London's average price passed £350,000 for the first time.

  13 August 2007

July 2007

• Home Asking Price Index, July 2007: still rising regardless of rising interest rates

  Asking prices in England and Wales rose 0.8% in July 2007, up 5.7% year-on-year, while Scotland surged 21.2% and London growth slowed to 0.5%.

  12 July 2007

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