Asking prices up 6.9% pa but what of deal prices?

A trip to the Gherkin to chat to Joel Hills about asking prices, sale prices and the market in general.

Asking prices up +6.9% pa – says Rightmove

Sale prices up +4.3% pa – says Land Registry

Rents up +2.4% – says HomeLet.

I suspect that the low growth in rents coupled with no wage inflation may indicate that housing costs are peaking. It feels very much like 2007 which could mean that in the next few months we will see house price inflation fall back.