Tuesday, October 13, 2009

Killer punchline

House prices grow for fifth month in row

After the usual ramping, the best bit is right at the end: "Recent Bank of England figures showed mortgage approvals were at 52,317 in August, still well below the average monthly 93,400 level since 1993. Mortgage approvals below 70,000-80,000 are generally seen as consistent with falling house prices."

Posted by mark wadsworth @ 03:37 PM (741 views)
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One thought on “Killer punchline

  • “Average house prices rose to £196,510 in August” … what does that mean?
    They really mean the average selling price rose, not the average of houses’ prices, which is still £160k or so, of course.
    Great misleading ramping technique (con trick), which will keep fooling the sheeple nicely no doubt … until they try to sell, like our neighbours 4 bed at £295k instead of more realistic £230k, or the other more amazing one at £415k which should be ~£290k (in CB23).

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