Friday, Aug 10, 2007
FT Acadametrics index bullish
FT.com: London house price rises race away
House prices in London have once again accelerated away from the rest of the country, the latest FT House price index shows.
The report, published on Friday, provides further evidence that the capital’s housing market is dancing to a merrier tune – with its buoyant economy, attractiveness to overseas investors and shortage of supply ensuring recent interest rate rises have done little to dampen demand.
Posted by dohousescrashinthewoods @ 01:29 PM (179 views) Add Comment
6 Comments
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1. Jordan said...
Excellent! I knew you guys were all wrong! I'm so happy, it's made my day!
2. paul said...
A repetition of reports from six months ago, which compare the current level with an arbitrary lower point on the other side of the peak, thus completely ignoring the intervening peak and current downward drop trend!!
As prices continue to drop, we'll see more articles comparing current prices to prices a year ago, then 18 months ago, then 2 years ago and claiming to be evidence of prices rises.
Lies, damn lies and statistics.
3. This comment has been removed as it was found to be in breach of our Blog Policies.
4. James said...
Give it 6 months to a year. You may have noticed there's a bit of a wobble in the City at the moment...
5. Stoatgobbler said...
Agreed, seems my flat is worth considerably less than 3 months ago, but considerably more than 12 months ago. Should have sold at Xmas. D'oh!
6. harold said...
Not too sure that London HPI will be looking so rosy now that the City bonuses have been kicked into touch. It was all funny money anyway.