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Grabbing the Headlines

Posted by: katalysis

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Newspaper headlines have recently been trumpeting hikes in house prices. Normally this follows from the publication of a so-called “House Price” Index. Should we in Wolverhampton take any notice? Probably not! In our humble opinion the only Index worth even considering is the one published by the FT in association with Acadametrics. That Index also suggests an upward trend. However, if you look behind the headline average figure you see wild variations between regions and in particular between London and the rest of us. London prices are severely skewing the national average. Believe it or not house prices in Richmond upon Thames are at an all time high. So how does Wolverhampton measure up against Richmond upon Thames you may ask? A visit to “Up My Street” .com gives a flavour of what the typical resident is like in this posh part of London -“affluent urban professional”, “mostly single or couples”, “very few children”, “mostly living in flats”, “in the winter they go skiing and take at least one other holiday which is usually far flung”……in short they are “Yuppies”….just like your average Wulfrunian? Make up your own mind! The fact is if you want a real insight into what the market is doing here in Wolverhampton don’t take any notice of the Headlines instead talk to those who are really in the know.
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