Annual Regional Trends in House Prices as end February 2010

Gtr London 5.0%
South East 3.6%
South West -1.7%
W Midlands 8.0%
E Anglia 7.5%
Wales 0.2%
E Midlands 1.7%
North West -0.4%
Yorkshire 2.9%
North -1.0%

Overview
RightMove: “Scarce new sellers bump up asking prices by 3.2%, an average increase of £7,137 with London setting a new record of £427,987. Monthly rise reminiscent of boom-times; there has been no higher rise since April 2007 when we saw a 3.7% increase. January sees record search activity on rightmove.co.uk, up 29% on same period last year.”

Nationwide: House prices fell by 1.0% month-on-month in February. Price decline may be explained by snowy weather and expiry of stamp duty holiday. Too early to say whether February’s drop is start of a new trend.

Average price Feb 2010: £156 297.00
Monthly change: 2.9%
Annual change: 1.7%