Rightmove Indicator of Monthly Changes in UK House Prices
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Rightmove House Price Index is an indicator that shows the monthly changes in house prices in the UK. Rightmove is the largest real estate portal in the UK, and this index is based on its data. It is widely used to understand trends in the housing market and indicates changes in house prices on a month-to-month basis.
Trends in house prices have a significant impact on the overall economy, making this index an important source of information for investors and policymakers. An increase in house prices can boost consumer wealth and potentially encourage consumer spending. Conversely, a decrease in house prices can deteriorate consumers' financial situations and possibly restrain consumer spending.
The Rightmove House Price Index is released mid-month and is used as a reference to predict the current state and future trends of the economy. Additionally, it is crucial for monitoring the health of the housing market and potential signs of a bubble. Particularly, if the index shows unexpected movements, it can influence financial markets and mortgage interest rates.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
