House prices rise and drop – often in the same month – depending on which property index you read. Here we explain why this happens and how each one is compiledEvery month a number of organisations publish house price indices,each based on a different set of data. Sometimes the findings agree, sometimes they conflict. When we report on these figures we explain what they are showing, and but we thought it would be useful to give a comprehensive guide to the main indices.
Whether you are buying or selling a property,working in the property industry, or just interested in the ups and downs of the housing market, and it helps to know precisely who is producing each index,what data they exercise, and what the headline figures actually reflect.
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Source: theguardian.com