"Assetz House Price Watch is the only fully inclusive summary of all the major UK house price indices, providing a comprehensive overview of market activity
The five major UK house price indices show an average of 6.4% annualised growth for the twelve months prior to December 2007. This shows a 1.5% decrease in the annual rate of growth recorded in November (7.9%) and a 3.9% decrease since December 2006 (10.3%).
Necessary slowdown in price growth as 2007 ends…
Annual house price growth slowed significantly as 2007 drew to a close, falling back further from the year low recorded in November (7.9%) to end the year at 6.4% - the lowest level of annual growth since June 2006. While annual price growth was slightly lower than expected, a significant slowdown was necessary with the current level of growth unsustainable at above the long term 7% average. However, this has not impacted harmfully on the average UK house price, which remains strong, recording only a marginal fall on November’s figure..."
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