House Price Index 21 01 2008 - News Archive
|
House Price Index
It is said that property prices double every seven years which would mean an average increase of 10.4% per year compounded. If you looked at the HPI (House Price Index) going back as far as 1952 and analyse the data would this statement be correct. Over this stretch there would be 49 separate 7 year periods to study. On 22 occasions the property price did double but six of those occasions where in recent times.
The information shows that property prices actually doubled over this timeframe every nine years.
:: Added on: 21:01:2008 ::
<< January 2008 Property News
<< Main Property News Archive
|
|
|
|
