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FT House Price Index – February 2005
The seasonally adjusted monthly rate of house price inflation for February was 0.5%, maintaining the level of fourth quarter 2004. The FT House Price Index shows a continuing steady fall in the annual rate of house price inflation down to 10.2% this month. This fall looks set to continue during the first quarter 2005. The FT House Price Index is calculated by Acadametrics and foreshadows the Land Registry, the only complete measure of domestic property prices.
We estimate the FT House Price Index, on a seasonally adjusted basis,
as follows:
|
|
House
Price |
Index |
Monthly
Change % |
Annual
Change % |
|
February 2005 |
£187,515 |
179.8 |
0.5 |
10.2 |
|
January 2005 |
£186,542 |
178.9 |
0.4 |
10.7 |
|
December 2004 |
£185,804 |
178.2 |
0.5 |
11.2 |
|
November 2004 |
£184,866 |
177.3 |
-0.1 |
11.9 |
|
October 2004 |
£184,998 |
177.4 |
0.6 |
13.9 |
|
September 2004 |
£183,832 |
176.3 |
0.8 |
15.6 |
The FT House Price Index depicts the underlying trend in House Prices. This continues to show a steady decline in the annual rate of house price inflation since the peak of last June and an average monthly rate of house price growth of around 0.5% since September 2004.
FT House Price Index results to Dec 04 are based
on Land Registry published data, smoothed, seasonally adjusted but not mix
adjusted, revised with updated LR results as available. From Jan 05 to current
month, FT House Price Index monthly forecasts of updated LR house price results
are shown.
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Also see www.ft.com/houseprices |