Which property price index do you trust – If any?

Over the last few weeks, property price indices have been featuring heavily in the press with various commentators using different, and even the same, indices to show how the market is either falling, rising, about to crash or, on the brink of another boom. Anyone who reads my Tweets, business Facebook  page or Blog, will know that I am somewhat cynical of most (but not all) of these indices but I’m interested to know what everyone else out there thinks. Please place your vote and feel free to add your (printable) comments below.

About Chris Wood: Chris is an estate agent with over 25 years of property experience and is based in Penzance and Helston, West Cornwall. He has worked with all sizes and types of businesses from single office independents to the management team and board of RBS and Tesco. A former President Elect of the NAEA and board member of NFoPP until he resigned in 2009, Chris has always championed the highest professional standards for estate agents in the UK. No stranger to the media, he has appeared on various programs including BBC, News 24, ITV, independent and BBC radio and is a regular contributor to trade journals, local and national Newspapers. Chris is on LinkedIn  Ecademy Facebook and Twitter Married to Amanda, he lives in Penzance with their children who are slowly flying the nest, his two dogs and his elderly Uncle. In his spare time; Chris likes to keep fit and is a long-standing member of the Territorial Army. He is currently mobilised for a tour of duty in Afghanistan with 1 Rifles as part of 3 Commando Brigade.

2 thoughts on “Which property price index do you trust – If any?

  1. My view is that you can make statistics read in your favour whichever camp you’re in. I find that watching the trends gives a much better projection. I do feel that we are at last beginning to stabilise, albeit gingerly.
    Julie, Gordon and Rumsby.

  2. Hi Julie. Thanks for the comment. Part of my reason for posting this poll is due to the unhelpful way that the various indices are used to create headlines for people with a vested interest; rather than as a tool to give a best guess honest opinion for the public. I am also a firm believer, and have been for some time, that some of these indices are actually misleading by themselves; even without wildly positive or negative spin being added by others.
    Chris

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s