Thursday, Oct 19, 2006

Still no sign of that HPC.

FT: Lex - UK house prices

Residents of Londons Kensington and Chelsea are reported to have the highest life expectancy in the UK. This is fortunate, since they will have many years to enjoy some of the most expensive houses in the country. Property prices in the borough, according to website Rightmove, have risen by almost two-thirds in just 12 months.

perhaps not a measure for the rest of the country, but sure looks like every last drop is being squeazed out to try and maintain growth in house prices. - it's only talking about asking prices as covered in other threads. But the comment at the bottom is funny, esp coming from the FT.

Posted by sam @ 04:26 PM (2674 views)
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1. harold said...

If one's looking for the factor responsible for skewing HPI, this is it. Take out Kensington and Chelsea from the equation and things might not look so rosy.

Rest of country = stagnation; Kensington and Chelsea = massive City-lead boom: Rest of country + Kensington and Chelsea = not bad overall picture for VIs to trumpet.

Thursday, October 19, 2006 09:32PM Report Comment

2. sirgoogle said...

They will not get any bonuses if there is a HPC - as the HPC will bring down the Stock market with it. Therefore most of these Yuppies will be jumping off tall buildings before long.

So I do not give them a long life expectancy at all.

Thursday, October 19, 2006 10:12PM Report Comment

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