Property price indices are confusing and local conditions are a better indicator of the market, it i

[Nicholas Wallwork]

Property price indices in the UK frequently offer a confusing picture of the state of the real estate market*as they are subject to regional variations and the type of lending activity, it is claimed.

It is not surprising that Halifax and Nationwide figures for May differ, with the first showing a 0.4%*decrease and the latter a 0.5% increase, says Alison Beech, business relationship director at Spicerhaart, the*largest independent network of estate agents in the UK and Europe.

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