Not a day goes by without some sort of property related headline, usually driven by the release of a new set of data from a property related company. But sometimes that data can paint a confusing and contradictory picture. One day they’re telling us that prices are going up, the next they’re telling us we’re facing a market slowdown. Then we hear that mortgage lending is at a new high, when the next day we hear that property exchanges have fallen.
So who do you believe? The truth is – none of the stats lie. They all tell their own story within a particular context, and at a specific point in time. Which is why we thought it would be interesting to pull together all of the information released each month into one place, allowing us to see the ‘big picture’ and get a better understanding of the various levers that influence the property market.
As a result, we’re proud to launch the My Property Consultant Property Index Tracker, bringing together all of the relevant industry property data together into one table.
The tracker summarises data from Rightmove, Nationwide, Halifax, Your Move, Office of National Statistics (ONS), Bank of England, HMRC, Royal Institution of Chartered Surveyors (RICS), Council of Mortgage Lenders (CML) and the Consumer Prices Index (CPI), and is updated monthly. It includes trend lines, monthly, quarterly and annual differentials, as well as some commentary.
By keeping an eye on the monthly trends, we can start to see shifts in the overall market. We think this index will give people the ability to read between the lines, and make their own judgement calls when it comes to buying and selling property.
However you are involved in property – whether you sell it, buy it, write about it, or just have a keen interest in it, make sure you bookmark http://www.myproperty-consultant.london/dashboard, and visit us every month for your very own property statistician.
Contact Eyeedul Haque on 020 3819 6070 or firstname.lastname@example.org