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Father Fred

Graphs For Expensive Properties Hpi

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Has anyone got an House price index for expensive properties? For want of a better description properties worth twice or even three times the national average?

If not, even an indication of when they have risen or fallen in the last 5 years would be a help.

Thx in advance if anyone can help.

FF

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You can use the property section of the UpMyStreet website to do this kind of research. You can search historical data on say detached properties in particular area. They have graphs and data on quarterley quantities sold.

Good Luck. ;)

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Has anyone got an House price index for expensive properties? For want of a better description properties worth twice or even three times the national average?

You can't index price changes on "expensive" properties, because what you find will depend entirely on how your definition of "expensive" changes over time. The best you can hope to do is pick some other characteristic of properties that you believe to be correlated with high price, and then examine changes in prices of properties with that characteristic. The drawback of this is, of course, that you can't then see how prices vary based on changes in your defining characteristic.

The easiest one to define and track is probably location -- just look at someone's figures for properties in London, and that's your index for expensive properties. But it doesn't let you look at changes in prices of expensive properties from region to region.

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You can't index price changes on "expensive" properties, because what you find will depend entirely on how your definition of "expensive" changes over time. The best you can hope to do is pick some other characteristic of properties that you believe to be correlated with high price, and then examine changes in prices of properties with that characteristic. The drawback of this is, of course, that you can't then see how prices vary based on changes in your defining characteristic.

The easiest one to define and track is probably location -- just look at someone's figures for properties in London, and that's your index for expensive properties. But it doesn't let you look at changes in prices of expensive properties from region to region.

I thought of doing London, but I know that what happens in East London is very different to the West.

I'd love an Index of Kensington, Chelsea, Westminster, Detached houses in the rest of West London and Surrey, and all houses with a swimming pool in the south East!!!!! Not sure there is one of those!

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  • 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%



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