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Big crash in HPI in NI - have noticed property people I know getting a bit nervy these last 2 weeks.

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57 minutes ago, stingray192 said:

In my day the main prices were based on the small number s of the uuj report, what I meant by new houses was in the past new houses did not include kitchens, bathrooms, tiling Etc so the recoreded price was almost a shell finish, now days   most new developments come complete so the registered price includes everything, the exception to this is self build homes where the land registry price recorded is the price of the site

Site prices aren't included on the index. The index also breaks out new build and old stock. 


It also doesn't take account of inflation which you would have to apply to the average figures to work out the real price she  comparing time periods. 

Edited by 2buyornot2buy

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19 hours ago, JoeDavola said:

Anyone care to guess why this hasn't sold in over a year?

Looks like it has been up for even longer than that - originally indexed on 5th May 16. Not sure what is going on with it though.

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  • 259 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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