Wednesday, May 18, 2011

LR vs CLG, who will win?

Official statisticians at sixes and sevens over housing market

A baffling report issued by the Government yesterday (Tuesday) showed that its own official statisticians are completely at odds over the direction of the housing market and are working to entirely different figures. The Communities and Local Government data showed that in March, UK house prices increased by 0.9% over the year and by 1.2% over the month. The CLG report put the average UK house price at £205,565 in March. The report is at total odds with the other official report into house prices, released by the Land Registry.

Posted by sibley's b'stard child @ 11:22 AM (1389 views)
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One thought on “LR vs CLG, who will win?

  • mark wadsworth says:

    Sib’s, don’t forget that HM Revenue & Customs also compile figures on SDLT receipts, which they band by value and number of transactions. Their distribution looks sensible, and the weighted average is much the same as Halifax or Nationwide average, i.e. £150,000 – £160,000.

    So that’s two departments using real live figures saying £150,000 – £160,000 and the DCLG live on cloud cuckoo and probably base theirs in Rightmove asking prices or something.

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