Monday, January 1, 2007

Were house prices static in 2006?

How much did house prices rise by in 2006?

Unashamedly Firstrung have always suggested keeping a 'weather-eye' on: Land Reg figures, and Hometrack. Not because these organisations are lower in their calculation of the real house price inflation the UK has experienced over the past twelve months, moreover due to their method of calculation which is altogether more realistic than perhaps Halifax, Nationwide and Rightmove.

Posted by converted lurker @ 12:48 PM (455 views)
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One thought on “Were house prices static in 2006?

  • Happy New Year !

    I was having a chat with a friend a couple of days ago who has long spouted the line that house prices will always rise. After pointing out the fact that only one house has sold on his street (despite 5 being on the market for over 12 months) in 2006 and that prices, if anything, appear to have fallen

    he has finally admitted that prices changes seem to bare no relation to the double-digit rises suggested by the VI organisations. I think he was genuinely shocked ot learn that he might not get “well over £210,000” for his 1930’s semi. For info, the house that recently sold was by far the best of the crop currently on the market. Looks like we have another convert to the idea that the housing market (outside the south-east) may not be as healthy as we are led to believe.

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