Jump to content
House Price Crash Forum
Sign in to follow this  
Biriani

Rics Confusion

Recommended Posts

Apologies if this has already been discussed, but I saw what I thought was a misleading FT article on the RICS survey yesterday, and only got a chance to check it online today.

This is in the RICS press release, and repeated verbatim by the FT:

"The number of chartered surveyors reporting price falls for September dropped again, to 21 percent, down from 25 percent in August."

But, unless I'm mistaken, the RICS figure is the balance of suveyors reporting a rise/fall.

And if you look on their more detailed report, you can see that this balance has shifted from -25% to -21%. Looking closer, you see that around 30% of surveyors are reporting falls, less than 10% reporting rises, and the rest are saying no change.

This kind of reporting is bad enough when it comes from the mainstream media, but for RICS themselves to make the mistake is terrible.

Or am I the one that's wrong?

Edited by Biriani

Share this post


Link to post
Share on other sites

Apologies if this has already been discussed, but I saw what I thought was a misleading FT article on the RICS survey yesterday, and only got a chance to check it online today.

This is in the Looking closer, you see that around 30% of surveyors are reporting falls, less than 10% reporting rises, and the rest are saying no change.

This kind of reporting is bad enough when it comes from the mainstream media, but for RICS themselves to make the mistake is terrible.

Or am I the one that's wrong?

No you are not the only one. I am surprised not to have seen a more vigorous reaction here, but perhaps I missed it. Channel 4 and BBC news gave the distinct impression that RICS concluded house prices actually rose in the last month. Of course no mention was made of counter statistics, or analysis of the RICS so-0called "figures". Again, a classic example of TV and Radio news serving up whatever the VI's tell them with no hint of their own analysis.

VP

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.