Thursday, Jul 19, 2007

MoneyWeek guide to the house price indices

MoneyWeek: House prices: whose figures can you trust

As the property market has boomed over the past decade, so has the number of indices measuring the market – all giving slightly different results. This is handy for journalists, who can pick and choose statistics to fit their own outlook on the market. For example, last month the Daily Express proclaimed that homeowners had made £85 a day in April as “house prices jumped by more than £2,500”. Just ten days earlier, the Daily Mail had cited falling mortgage approvals as a sign that “the market is cooling”. With so much conflicting information out there, who should you pay attention to?

Posted by mary @ 02:16 PM (202 views) Add Comment

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