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How helpful are house price indices?

NerdWallet Mortgages House price growth

A reader wrote in last week to tell me that Halifax’s claim that annual house price growth reached 4.1% in January doesn’t tally with what he’s seen.

He told me that properties around Watford and Bournemouth have actually fallen in value by 15% year-on-year, which he said was based on contact with friends and family as well as the general public...

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