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UK: Are property prices rising or not? A guide to the major house price indices

Posted on 24 April 2012

Property firm Rightmove reckons that the average price for a British house hit £243,737 in April, eclipsing the previous peak of £242,410 in May 2008 by 0.5%. Meanwhile, the Nationwide’s last survey said prices fell 1%, while the Land Registry reported a rise of 0.1%. It’s all rather confusing. So here’s our quick guide to the key house price surveys.
First in line is the Rightmove survey. This is based on asking prices – the price that sellers hope to achieve. However, until a sale is agreed and contracts have been exchanged, an asking price is just that. Furthermore, as with all these surveys, an average can be misleading………………………………………..Full Article: Source


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