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Rightmove say their INITIAL asking price index shot up the most ever in December 

 

Meanwhile, @Ukpropertylion which checks the CURRENT asking prices of all listings, afaict, on rightmove are down last quarter and down a fairly large 7% from a peak 18 months ago.

If December prices shot up then there must have been sone SUBSTANTIAL current asking price falls in October and November, or its just publicity/advertising. 

 

MsM outlets are ignoring the numbers, the ASA are refusing to act. 

Property log is going to try and verify the findings when he gets time 

 

INITIAL asking price index is open to abuse. Why rightmove continues with it is suspicious imho. 

 

Edited by TheCountOfNowhere
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31 minutes ago, crazypabs said:

Don't forget that one of each tricks is to remove listings just before Christmas and relist them to bump the listing up the ranking and to reduce the days on market.

I do take RM's figures with a generous pinch of salt

Sadly its regurgitated by the MsM as if it were a sensible measure 

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52 minutes ago, maffo in oxford said:

Your index includes changes from 100% to partial shared ownership, but shows them to be a ‘‘drop’’ in price!

Image1.jpg

That's the live feed. 

 

The current asking prices is just that. 

It's the average current asking price of every listing found. 

Which include drops due to shared ownership And rises due to shared ownership. It'll also include all the 'erroneously' listed properties and several big ticket houses that pulls the average up. 

Overall though, you'd hope everything evens out and quarter on quarter it's all in the same ball park so I'd trust it more than anything done by 2nd hand house salesmen. 

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  • 415 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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