No wonder the house market is confused over whether prices are up or down. And little surprise that there is a lot of negative stuff out there currently, the flames of which are being fanned by every bloody newspaper and news journalist in the UK.
Double dip, crash, meltdown bla bla.
With around a DOZEN different house price indexes reporting their ‘findings’ on a monthly basis now, that’s a new announcement every three days.
The RICS, the Nationwide, the DCLG, Land Registry, Halifax, Hometrack, Rightmove etc etc are all clambering for news time. And unfortunately they are all succeeding.
For heaven’s sake. If the media and the public stopped macro analysing the faintest of house price flutters, perhaps we wouldn’t keep talking the value of our biggest asset into decline.