February 9, 2023

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UK data – Rightmove house prices for April +2.1% m/m & +5.1% y/y (prior 0.8% m/m and 2.7% y/y)

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Rightmove reports on asking prices for homes in the UK 

  • +2.1% m/m & +5.1% y/y (prior 0.8% m/m and 2.7% y/y)

(as an aside the asking price for my home is a low, low gazillion, in bitcoins that is) 

Back to the UK:

  • Asking prices hit a new high
  • partially this is the impact of the tax cut was extended (on March 3 Chancellor Sunak said he would extend a temporary tax break for buyers and he also announced a new mortgage guarantee scheme for first-time buyers)
  • Rightmove said available properties at a record low

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