It seems as though there’s a constant flood of news concerning the housing market at the moment when – in reality – there isn’t much news. We’ve become so obsessed as a nation with our housing market (and invested so much in it) that we’re constantly looking for signs of growth, peering into the property supplements and broadsheets like kids on a rainy British holiday pressing their faces to the glass desperate for a glimpse of sun. It’s exhausting!
Finally The Times has given us permission not to. Today’s article10 Reasons to Ignore House Price Statisticsexplains, in straightforward terms, why we shouldn’t read too much in the latest statistics. Just as one swallow doesn’t make a summer, one property sale that achieves the asking price doesn’t end a downturn.