IPOD Posted October 7, 2005 Share Posted October 7, 2005 http://news.ft.com/cms/s/fac2e51a-3667-11d...000e2511c8.html House price inflation fell to its lowest level for more than nine years in September, according to the Financial Times house price index, the most reliable guide to the prices paid in the property market. Quote Link to comment Share on other sites More sharing options...
wriggly Posted October 7, 2005 Share Posted October 7, 2005 The average price paid for a property in England and Wales in September was £192,804, only a touch higher than the £192,056 that sellers achieved at the start of the year in January. Only in house price articles would c. £800 be described as "only a touch" of money. It is only a drop in the ocean when compared to the comedy asking prices, but it could provide some serious fun if spent elsewhere. Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted October 7, 2005 Share Posted October 7, 2005 Cor....that average house price is more than 6 times my salary, even though I'm on a decent enough wage! Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted October 7, 2005 Share Posted October 7, 2005 The average price paid for a property in England and Wales in September was £192,804, only a touch higher than the £192,056 that sellers achieved at the start of the year in January. This is fairly meaningless if most of the houses sold are >£300K. Quote Link to comment Share on other sites More sharing options...
Nijo Posted October 7, 2005 Share Posted October 7, 2005 This is fairly meaningless if most of the houses sold are >£300K. Where do you get that from? If anything I'd have thought that the distribution is skewed left rather than right as the outliers can only be on the expensive side. Also: Since June, the FT house price figures have included an adjustment for the types of property sold as well as a seasonal adjustment. Recently, a greater than usual proportion of properties in cheap areas has been selling, so a simple average of price changes would understate house price inflation. Without the adjustment, the index shows average prices had only risen by 1.9 per cent in the 12 months to September. Quote Link to comment Share on other sites More sharing options...
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