20 Dec

Official housing statistics report 'should be produced'

Official housing statistics report 'should be produced'

An official property statistics report should be produced so that homebuyers, proprietors and estate agents can have a better understanding about the market.

That is according to the National Statisticians' Review of House Price Statistics which was released last week, calling for one set of property results.

"A single definitive house price index and accompanying statistics should be produced by the official statistics producer community," it recommended.

The group stated that this would provide "greater clarity and understanding of the broad range of house price information".

It added that the official statistics report would present and analyse house values and the wider property market.

Director of The Association of Mortgage Intermediaries Robert Sinclair agreed that one definite house price index should be established, saying that the many statistics available to estate agents, buy to let owners and potential homeowners often come to separate conclusions as the figures are taken at a variety of times and by different means.ADNFCR-1222-ID-800301680-ADNFCR

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