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Henry Pryor Blog

Welcome to a new monthly blog by Henry Pryor, estate agent turned entrepreneur, inventor and expert media commentator on the housing market.

The Month in Numbers – July.
Seven major indices are published every month and any number of ad hoc property surveys. Of course, no one survey truly represents what is happening everywhere across the UK.

Some, like the Land Registry, only cover England & Wales. To add to its drawbacks, part of its report is based on transactions three months previously and its chosen method called 'Repeat Sales Regression' and only uses 6m of the 16m sales they have recorded since January 1995. Add to that the sales that are not included (those involving a company, for example), and you can appreciate that it's a helpful but not infallible guide. Just look at the recorded values for central London, for instance.

Rightmove records asking prices (or greed!), whilst both the Land Registry and CLG indices are being reviewed by the Government’s official statistician.
Hometrack only appears to track around 6,000 records and Halifax and Nationwide report on the mortgages they offer which between them amount to about 14,000 of the 80,000 properties sold.

Other numbers that may surprise you. ...More



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