Official stats corroborate Christie & Co’s price index

Posted on September 1st, by editor in Caring Times. No Comments

Comparison between Christie & Co1s price index dating back to 1975 and the House Price Index (HPI) illustrates that there is a strong relationship between the two, says surveyors, valuers and agents Christie & Co. When the HPI rises, so does Christie & Co1s price index and vice-versa. However, a rise or fall in the HPI does not trigger a proportional rise or fall in the Christie & Co index. For example, if the HPI rises by 10 per cent, Christie & Co1s index will increase by about 4 per cent. The good news for business owners and potential purchasers is that if the HPI plunges, the decline in business values will be nothing like as severe. The fact that the number of buyers on Christie & Co1s database far exceeds the supply of available properties in almost all regions of the UK and across the company1s key markets sectors – hospitality, retail and healthcare – also corroborates recent research published by the Office for National Statistics. This has found that the house price boom has led to a huge rise in t

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