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UK property price data from two leading lenders show largest gap in stats since 2001

Discussion in 'UK Property' started by Nicholas Wallwork, Jul 13, 2009.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]The unreliability of housing price indices is highlighted with one leading provider of data in the UK showing property increasing and another showing a decline.

    Within days the Nationwide said residential prices rose 0.9% in June while the Halifax statistics showed a 0.5% fall in the same period.

    It highlights the danger of relying on these kinds of figures, according to experts, who also point out that different lenders record their figures in different ways.



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