Rat and Mouse
Thu
09
Sep
Can there ever be such a thing as a meaningful house price index?

Before the Office for National Statistics can make any sense of the role of national indices in a micro-geographical market with dwindling data, it will have to ask who needs an index and why. It will have to factor in the reality that property isn’t just another homogenous liquid asset that shifts fast enough to reflect wider economic confidence. Most of all, it will have to ask whether there’s such a thing as a 'useful' house price index, one that can be used by buyers and sellers to reflect on their own individual deals in any meaningful way, without contributing to boom-bust panic or encouraging irresponsible equity-withdrawal.

House prices indices... why?... and how?... wonders our publisher, in his guest column for Citywire.

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