Property News · April 12, 2016

London property values plummet after ONS revises figures


House price index ‘update’ blamed for revised data, which suggests average price in February was £27,000 lower than figure declared in JanuaryLondon homeowners have been shocked to discover that their property has typically plummeted in value by £27,000 in a month – partly, it seems, because government statisticians overstated the strength of the housing market in January.The Office for National Statistics has wiped thousands of pounds off the value of UK homes after carrying out a revision of its data. Continue reading…

Source : theguardian.com
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