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by Richard Green
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Royal Institution of Chartered Surveyors ( http://www.rics.org/default )
A survey from the Royal Institution of Chartered Surveyors, based on responses from a small number of the institute’s members in England and Wales, shows the surveyors’ confidence in house market prices (rising or falling), rather than what is actually happening.
Property websites
Rightmove ( http://www.rightmove.co.uk/ ) use data collected from about 35% of the homes for sale on their website to compile the sample for their survey. As over half of all the UK's estate agent chains list their available properties on the Rightmove site, the sample size is sufficient to provide extensive representative information.
Overall the different measures can all provide potentially useful information for consumers, but there is currently no definitively accurate guide to the UK house price market. Different studies cover different areas of the housing market, and often provide contradictory results. Predicted future trends are always subject to possible inaccuracy, and therefore should not be relied upon for complete accuracy. Buyer and seller beware.
Additional reference material from the href="http://www.bbc.co.uk.
About the Author
Currently living in Edinburgh |
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