Sunday, June 9, 2019

5.2% higher than in 2018

UK house prices show biggest annual rise since Jan 2017 - Halifax

Would love to understand why the divergence from any other House price index? Also the volume of sales and turnover and the rate being offered.

Posted by deepak @ 09:17 PM (1735 views)
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3 thoughts on “5.2% higher than in 2018

  • Could one possible reason (in addition to low volume and so high survey variance) be an over-representation of new build property, shored up by help to buy / government equity loans? I have yet to see any figures decomposing the housing market into these two, fundamentally different, segments (existing versus new build property).

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  • Apparently Halifax say that it is because their series showed unusually low growth this time last year. This doesn’t seem to be the case though, May 2018 Halifax were broadly in line with other indices. If that stacked up, the other indices would be showing high growth at the moment too instead of stagnation or falls.

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  • britishblue says:

    Lies, damned lies and statistics. Virtually every owner i have dealt with this year who has genuinely sold their house has taken 15% less than they were expecting. Given i am in London and this might not reflect the whole country. but even so, London should weight heavily on the indices. I ask any reader on here to go to their local estate agency and ask them whether they will get more for their house than last year and get a rough percentage. then post on here with the area of the country you live in.

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