Saturday, Apr 10, 2010
NAEA talks the market up carefully selecting the statistics that suit their argument
Western Morning News: House Prices on the Rise
The title infuriated me firstly because it looks as if it was written by the NAEA (with a little journalistic polish) and secondly because they seem rather selective in their choice of statistics. The Nestoria website (admittedly volumes are not reported - probably low) has just reported a 25% drop in price of 3 bed houses in my immediate area for Mar 2010 (which confirmed my observations based on Property Bee) and according to Rightmove the average detached house price in my area has fallen from £400k June 2009 to £258k Nov 09. (Not sure why I can't find lastest stats on market trend page - anyone?). I suppose like the Evening Standard leading article discussed a day or so ago it is the headline that is most at fault.
Newspapers have to be sold somehow I suppose!
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