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The Masked Tulip

Some Surveys Overstating U.k. Property Prices

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http://www.marketwatch.com/story/some-surveys-overstating-uk-property-prices-2013-11-21-24854210?link=MW_home_latest_news

LONDON--A report Thursday lays bare the discrepancies between different calculations of average property prices in England and Wales, and says that even London could be further from a fresh property bubble than some commentators suggest

The first report from newly formed property consultancy House Price Analytics found that average price of a residential home sold in September in England and Wales was 47% lower than the asking price in the same month.

To do this it used data harvested from six of the most closely watched indexes of asking and selling prices.The analysis of the available property price data shows that while house prices are rising, the actual sold prices as reported by the Land Registry are still well below 2007's peak.House Price Analytics also said that the difference between London property prices and those of the rest of the country may not be as striking as some surveys suggest.

It said this was because many of the more expensive homes are listed with several agents and their asking prices are counted more than once, which artificially raises the average price for the capital.

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http://housepriceanalytics.com/

"Commenting on the innovation, Richard Rawlings, one of the UK’s most prominent property market commentators and the visionary behind House Price Analytics, said, "

http://www.estateagencyinsight.co.uk/

"WELCOME to Estate Agency Insight

...with Richard Rawlings

UK Estate Agency Trainer of the Year 2012

(PropertyDrum Magazine)

"My job is to help you increase your market share and become more profitable via dedicated estate/letting agency consultation, vibrant training and really effective marketing support.

I'll help you quickly harness new opportunities, resulting in saleable, profitable instructions, much higher fees and productive staff. Why not challenge your norm today? I guarantee results!""

Same person ? Looking at the photo's I think it might be.

if it is he says it himself....he's helping estate agents.

Might be worried the BOE is going to stop the bubble...like that would happen.

Edited by TheCountOfNowhere

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More on this from Wired.

House Price Analytics app shows how portals overestimate average prices

Pretty obvious stuff really: Mean average does not accurately represent house prices.

I believe it's only the likes of Rightmove/ Zoopla that use mean averages rather than median or more complex analytics.

Edited by Bear Goggles

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More on this from Wired.

House Price Analytics app shows how portals overestimate average prices

Pretty obvious stuff really: Mean average does not accurately represent house prices.

I believe it's only the like of Rightmove/ Zoopla that use mean averages rather than median or more complex analytics.

Simple is as simple does.

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What exactly is a property surveyor? Somebody with questionable qualifications pulling arbitrary numbers out of their bum?

Who cares. All bubbles burst.

The only winners here are the government with taxation [and votes], the legal community with conveyancing fee's, and a small section of the banking industry.

Especially the government.

Edited by cashinmattress

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Up next - official unemployment figures that suggest the rate is heading to 7% have been found to be misleading. New calculations suggest it is in fact over 8%. Mark Carney was particularly relieved at the news...

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