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Can someone help me understand this report

puddy
Posts: 12,709 Forumite
I am reading an argument on another thread about price figures. someone provided a link to this site
http://www.nationwide.co.uk/hpi/historical/q1_2008.pdf
I dont really know how to read financial data but it seems to show yearly increases in house prices. How can this be when people are putting their prices down??
Im interested in the London area which seems to shown an 11% increas?? Am I reading this wrong, is it an 11% decrease??
http://www.nationwide.co.uk/hpi/historical/q1_2008.pdf
I dont really know how to read financial data but it seems to show yearly increases in house prices. How can this be when people are putting their prices down??
Im interested in the London area which seems to shown an 11% increas?? Am I reading this wrong, is it an 11% decrease??
0
Comments
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The annual change is from say February 2007 to February 2008.
The first 6 months or so of feb 2007 onwards prices were still rising... now they've starting going down... so the Year on Year percentage (the figure you state) is also dropping. But because it inludes the ramp from early part of year its still positive. Check the Q4 2007 report... its YoY will prob be alot higher.0
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