Zoopla

padington

Does anyone know much about Zoopla and how they work out their house prices. They seem to go down by a load sometimes abilitarily when every other price indicator is saying otherwise ?

Jonbvn

I think they go by the colour of the front door

Mallotum_X

They take the last sale price apply an inflation rate and that's the price. It takes no impact on improvements or other changes. However users of the site can suggest their own market rate which gets applied, so a poor system is easy to manipulate.

Dandytf

I find Zoopla valuation very generous t.b.h.

A few grand more than my mtg provider Natwide.

As an example I'm only using my flat I moved into since Sept 2009.

kinger101

Whatever they do, their model isn't refined enough to be of any use. I suspect they treat large geographic regions as having the same movements on property prices. A mortgage valuation on the other hand is more interest in what's happened to similar properties as close as possible to you.

padington

kinger101 wrote: »

Whatever they do, their model isn't refined enough to be of any use. I suspect they treat large geographic regions as having the same movements on property prices. A mortgage valuation on the other hand is more interest in what's happened to similar properties as close as possible to you.

I've been following a property in the South East, it's gone down 5k in 6 months. Makes no sense.

Catapa

House prices are going down since December and so is the Pound, and the economy http://iitm.be/€urish

caronoel

Catapa wrote: »

House prices are going down since December and so is the Pound, and the economy http://iitm.be/€urish

OK - that searing insight has convinced me to sell up everything, buy gold, and live in a tent in the woods.

chewmylegoff

padington wrote: »

Does anyone know much about Zoopla and how they work out their house prices. They seem to go down by a load sometimes abilitarily when every other price indicator is saying otherwise ?

Zoopla's pricing algorithm takes into account the weighted average number of ramping posts about the postcode on obscure Internet forums as well as factoring in the net present value of fantasy crossrail 3 stations so it does tend to display more volatility than other estimates.

surfer9

I live in a property in wealthy Surrey town, bought for for £626,000 1 year, 3 months ago.....

After that 1 year, 3 months the property is now estimated at £629,000 (an increase of 2.1%).....according to Zoopla.

I thought house prices went up 10% last year, not 2%.

So not so sure about Zoopla's estimations.

padington

chewmylegoff wrote: »

Zoopla's pricing algorithm takes into account the weighted average number of ramping posts about the postcode on obscure Internet forums as well as factoring in the net present value of fantasy crossrail 3 stations so it does tend to display more volatility than other estimates.

Does it take into account the amount of time odd balls that follow strangers around the internet and consider the weirdo factor this confers on estimates of such plumbs especially those that advised against Haringey and the Wood Green area four years ago like they knew what they were talking about and now look like very bitter and wrong stalkers ?