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unrealistic average house prices
tali
Posts: 709 Forumite
noticed that all websites like houseprice co uk and other house price sold websites also include right to buy sales- personally i find this gives a very distorted and unrealistic average house price which is greatly reduced- surely they should exclude right to buy sales?
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Comments
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Very true.
But filtering out all the 'crap data' could mean the average house price goes down.
Remember that lots of 'new build' prices are high due to kickbacks like 'deposit payed', free mini cooper, stamp duty payed, part exchange, cash back etc etc.
Also the averages are duff data anyways as they don't represent anything other than potential marketing data. Do we look at the 'average car prices index' or the 'average holiday price index'. No, becasue we know they mean nothing and have no value to us.0
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