Wake up to Money – November 22nd 2012

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Vital numbers.

Annual house price inflation in February was +1.9% - it was 2.2% pa in January (says ONS)

Average house price in January was £233,000 (says ONS)

Ave asking price in April £244,706 up 2.1% pa - £239,710 in March 2012 (says Rightmove)

Nº of homes sold in March across UK 86k - 89k in Mar 2012 (says HMRC)

Nº of months of unsold inventory - 10

Ave price paid by a First-Time Buyer was 1.6% higher than in Feb 2012 (says ONS)

The average cost of renting a home in the UK increased 2.4%pa in March to £793pcm - (says HomeLet)

Renting in London now costs £1,236pcm on average, 4.8% higher than a year ago. - (says HomeLet)

Average sale prices in England & Wales still 11% below their peak in Nov 2007. They are 15% across Wales and 20% below in the North West (says Land Registry)

1 in 12 home owners with a mortgage in the UK (719k) is in negative equity (CML via G Norwood)

Latest from Twitter

On @SkyNews at 6.15pm talking to @SkyLornaD about Mervyn King comments on #Help2Buy. Is there anyone now who thinks MIG's are a good idea? Time ago 3 Hours via TweetDeck
RT @rightmove: 41% of renters find the most appealing aspect fact they can move to a new flat or area when they feel like it t.co/At… Time ago 4 Hours via Twitter for iPhone
RT @TeleProperty: 25-bed country estate: yours for just £18m t.co/kAznaf7UUU Time ago 4 Hours via Twitter for iPhone
Twitter welcomes @JLL_Andrew. Well worth following, I think. Time ago 6 Hours via TweetDeck
RT @beachcomberpage: @HenryPryor Zoopla isn't slick, it's ugly. Rightmove just dreary. Neither presents well. They need competition, especi… Time ago 6 Hours via TweetDeck
RT @ajaykisgroup: @HenryPryor @zoopla @rightmove only possible if you came up with a different business model an the giants were caught sle… Time ago 6 Hours via TweetDeck

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Henry Pryor

Wake up to Money – November 22nd 2012