the_duke_of_hazzard Posted January 1 Share Posted January 1 Based on the work I did for my Chrome plugin (https://chromewebstore.google.com/detail/rightmove-london-property/ddnkogahnfkgkechllbdfgacnkikddbf) I've built an index of London asking price data and price per square foot. It's updated weekly. I only have data since October, so I can't see what happens at the end of the year typically, but there is definitely an upward trend since November. Here's the raw averages for ALL properties in ALL of London: Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 1 Author Share Posted January 1 Here's averages for ALL locations for flats: Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 1 Author Share Posted January 1 ALL for houses: Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 1 Author Share Posted January 1 SE postcode flats: Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 1 Author Share Posted January 1 E (not EC) postcode flats: Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 1 Author Share Posted January 1 There's graphs for all combinations. LMK if you are interested in any specific ones. Quote Link to comment Share on other sites More sharing options...
Quid Game Posted January 1 Share Posted January 1 All this has been available for ages already? https://www.home.co.uk Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 1 Author Share Posted January 1 2 hours ago, Quid Game said: All this has been available for ages already? https://www.home.co.uk Not to that granularity and no ppsqft either. I should have also said that this takes into account asking price changes, in contrast to righmove's index. Quote Link to comment Share on other sites More sharing options...
Housepricecrash91 Posted January 1 Share Posted January 1 What's the reason for the increased asking prices do we think? Sellers feeling more confident due to inflation coming down and mortgage rates falling? Or less homes on the market currently? Quote Link to comment Share on other sites More sharing options...
Tony_Teacake Posted January 1 Share Posted January 1 1 hour ago, Housepricecrash91 said: What's the reason for the increased asking prices do we think? Sellers feeling more confident due to inflation coming down and mortgage rates falling? Or less homes on the market currently? Delusion. Quote Link to comment Share on other sites More sharing options...
spxy Posted January 2 Share Posted January 2 12 hours ago, Housepricecrash91 said: What's the reason for the increased asking prices do we think? Sellers feeling more confident due to inflation coming down and mortgage rates falling? Or less homes on the market currently? That's just the houses advertised over Christmas, many listing get removed so distorts the figures for a couple of weeks Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 2 Author Share Posted January 2 1 hour ago, spxy said: That's just the houses advertised over Christmas, many listing get removed so distorts the figures for a couple of weeks Yes, indeed, the count went down significantly, albeit with many new postings on Boxing Day. The ppsqft figure should adjust for this, though. Or properties that came on are more optimistically priced over xmas. I guess next year I'll have a better idea. Quote Link to comment Share on other sites More sharing options...
micawber Posted January 2 Share Posted January 2 Can you include median prices as these are less sensitive to skew, and if using average - please use the geometric mean rather than the arithmetic mean? This too will reduce skew caused by a few high value properties. But good job. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 2 Author Share Posted January 2 2 hours ago, micawber said: Can you include median prices as these are less sensitive to skew, and if using average - please use the geometric mean rather than the arithmetic mean? This too will reduce skew caused by a few high value properties. But good job. Thanks. Indeed that does change things. For SE ppsqft, for example: And for all London properties (arithmetic vs geometric vs median): Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 9 Author Share Posted January 9 This week's HPI for London, based on Rightmove data. Mixed picture. Price/psqft still going up, but geometric mean and median is down, suggesting (I think) that lower-priced smaller properties are coming on. Number of properties also continues to fall. : Quote Link to comment Share on other sites More sharing options...
Timm Posted January 9 Share Posted January 9 Just to note that you will pay more per square foot in a studio than you will pay per square foot in a family house. Not sure if that is a helpfull observation or not. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 9 Author Share Posted January 9 Just now, Timm said: Just to note that you will pay more per square foot in a studio than you will pay per square foot in a family house. Not sure if that is a helpfull observation or not. It is... just shows how tricky stats can be. Quote Link to comment Share on other sites More sharing options...
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