Introduction to house price surveys

By Deputy editor Tim Bennett Jan 11, 2011

Tim Bennett

Share with
friends:

Comments (5) Print this article

Tim Bennett looks at some of the most popular house price surveys and explains the differences between them, how they work, and how useful they are as a guide to house prices.

• Watch all of Tim's video tutorials here

Comments (5)

Published in Video tutorials | More articles by Tim Bennett

Share with
friends:

Related articles

Comments

Leave a comment

  • 1. bob

    (11 January 2011, 06:29PM)  Complain about this comment

    Very informative video. I have often wondered how the surveys are worked out. Thanks for the answers.

    Keep the video's coming.

    Is there any trend between the amount of mortage approvals and the halifax survey?

  • 2. interestedparty

    (15 January 2011, 10:45AM)  Complain about this comment

    thank you. very informative video. but pls specify which one, on balance, to follow/focus on, based on the pros and cons that you highlighted for the land registry based survey. otherwise one is innudated with indeces .....

  • 3. Rob Upham

    (15 January 2011, 12:45PM)  Complain about this comment

    A well thought-out and delivered video, thanks Tim.

    One thing you didn't cover which I'd be interested to understand is how much (if any) "normalisation" of the data is carried out in the various surveys.
    e.g. If surveys simply average their data each month, if conditions mean that (say) more larger properties are transacting than smaller - maybe due to FTBs not being able to obtain mortgages - then the "average" price may be seen as rising, when in fact it's simply that the transactions for that month were for more expensive properties.
    If the indices were adjusted according to the type of properties (no of bedrooms, detached vs semi or terraced, etc.) this would make them more accurate.

    Are you able to advise which surveys do and don't use any such normalisation? Thanks.

  • 4. illusionist

    (15 January 2011, 11:05PM)  Complain about this comment

    Good video.

    We should be aware that Land Registry data can be faked. Eg. if a developer offers a £50k cashback on a nominal £250k house - that £200k real transaction gets marked down as £250k and used as a benchmark for further valuation.

    Also a developer can "sell" to an associate, thus getting a high number into the books and pump up further local expectations.

  • 5. michael

    (22 February 2011, 05:58PM)  Complain about this comment

    will house prices go down 50 % in the next 5 years ?as the trend shows , after all there is no hope of a rise in income , so the hopeless high price now will be reduced drastically , to a realistic lower price .

Leave a comment

This will be the name displayed with your comment.

This helps us verify comments are genuine. It will not be displayed anywhere on the site and is stored confidentially.

Please keep your comment within 1,000 characters and relevant to the main topic. We encourage healthy debate, but we don't allow insults or bad language. Anything off topic or unpleasant, we'll remove. Enjoy the conversation! Thank you.

captcha To prevent spam-related comments please enter the characters shown in the 'Captcha' box to the left.

By leaving a comment you accept our terms and conditions.


>