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Latest House Price Index Suggests Confidence has Returned to the Market

18th February 2008 | back to article listings BACK    print this article PRINT

Stuart Law, Chief Executive of Assetz, comments on the latest Rightmove index, which has recorded a rise in property asking prices in January 2008:

"Rightmove's latest figures offer yet another indication that confidence is returning to the market. This latest rise in prices, combined with February's interest rate cut should fuel further optimism among both buyers and sellers, with increased activity expected over the coming months.

“However, while I would expect to see further house prices rises this Spring, the Bank of England cannot afford to take its foot off the pedal. Its latest rate cut is not enough to resolve the recent turbulence experienced in the market and we need to see further rate cuts to ensure this renewed home buyer confidence in maintained.”

 

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