Friday, July 23, 2010

Charente property prices soar - hmmmm

I remember my Economics A level teacher writing "there are lies, damn lies & statistics" on the blackboard in Esher College and us spending a whole lesson discussing this (it was a double period too).

Century 21 have just published some research showing house price movements across France.

The Charente Libre roars:

The Poitou-Charentes region has experienced the biggest rise in property prices in the country in the past 12 months, according to a price survey. Between the first quarter of 2009 and the same period this year the price of older homes rose by 15.56% in this region, well above other areas.

You can see their full article here.

Now, I have blogged before about the impossible task it is to value property and track price movements here.  Volumes are too low and houses too disparate.

However, I would swear blind that the one thing they haven't done is gone up by 15% in the last 12 months and I don't know a single agent who would claim this privately or publicly.

Sorry Century 21 but I've been in this game for 25 years and this particular piece of research is about as worthwhile as a chocolate teapot.


Alison Morton said...

Hmm, agree with you, Graham. The latest FNAIM 'Lettre de conjoncture no.60' certainly doesn't agree with Century 21 []

Time to keep a bit of perspective, methinks

Chris said...

Totally agree, with so few transactions how can you state something like that as if it actually means anything.