BBC house price report

antrobus

caronoel wrote: »

I think they are in real, rather than nominal, terms.

Around my way, prices have roughly doubled since the previous peak but the Beeb says they have only risen 38% in inflation adjusted terms

I believe that cumulative CPI inflation 2007-2017 is about 26%.

26 plus 38 is 64.

caronoel

antrobus wrote: »

I believe that cumulative CPI inflation 2007-2017 is about 26%.

26 plus 38 is 64.

Thanks, so it looks to be directionally right if a little conservative

A neighbour who bought in the middle of the house price crash in mid 2008, exchanged last month for a little over double for his original price. Very little done to the place. Good for him.