March Property Price Index increased to 176.89
- Property prices and sales down by 2.83% and 15.11% respectively
- Retail Price Index rose to 118.50 from 117.59 in March
- Consumer Price Index rises from 107.33 to 108.97
- Annual inflation rate at 3.89 per cent in March
- Consumer Price Index rises from 111.47 to 112.09
- Harmonised Index of Consumer Prices up 2.3%
- Annual rate of inflation rises to 5 per cent
- Harmonised Index of Consumer Prices down by 0.2% in December
- Consumer Price Index went down by 0.1% in July
- Harmonised Index of Consumer Prices up 0.2%
- Harmonised Index of Consumer Prices increases by 1.1%
- Consumer Price Index went down by 0.4% in October
- Consumer price index rises 0.8% to 107.33
- February Retail Price Index increases to 112.89 from 112.42
- The Retail Price Index increased again in April
The All-Property Price Index (APPI) reached 176.89 in March 2008 when compared to 172.79 in the corresponding period last year.
The Property Price Index (PPI) is based on prices in respect of three property types, namely apartments, maisonettes and terraced houses. In addition to price indices in respect of each property type, an All-Property Price Index (APPI) is also being compiled and released. Furthermore price inflation rates, calculated on an annual and a 12-month moving average basis, are being released in respect of each property type.
Each price index has December 2001 as its base period. In March 2008, the All- Property Price Index reached 176.89. In the first quarter this year, on average, the APPI was 6.83 per cent higher than in the corresponding period last year The PPI for apartments stood at 165.70 in March 2008. On average, throughout the first quarter this year, apartment prices are estimated to have increased by 8.62 per cent when compared to the PPI in respect of January-March 2007.
In March this year, the PPI for maisonettes stood at 191.93, with prices being estimated to have gone up by an average of 7.11 per cent in the first quarter over this time last year.
In respect of terraced houses, an average rise of 11.46 per cent was estimated with respect to January-March 2008. In March this year, the PPI for terraced houses reached 234.62.
Property Price Inflation
In March 2008, the 12-month moving average inflation calculated through the All- Property Price Index was estimated at 5.52 per cent.
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