FindaProperty.com's house price index offers questionable value | Money | guardian.co.uk
Another day, another house price index is published. It's hard enough for mortgage and housing industry experts to keep up, let alone journalists and first-time buyers.
Today, it's the turn of the FindaProperty.com survey, which reveals that house prices increased by 0.3% during January 2011, taking the average property value in the UK to £215,846 and marking the first increase in house prices since October 2010, when they went up by 0.4%.
The problem is that these figures are of little help to those tracking real house price movements. FindaProperty.com, which is an excellent source for finding properties for sale across the UK, says its index is the UK's most comprehensive property survey, based on data from over 400,000 properties across the country. But its data is based on asking prices.
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