Lightstone - Residential Property Indices

According to the latest Lightstone residential property indices report the extended house price inflation index estimates for national property inflation was 6.88% for June 2013, which is slightly down from the previous month.

Coastal and non-coastal house price inflation has been diverging over the last year and a half. This trend is ever more apparent with the latest year on year inflation estimate for coastal properties at 3.6% and that of of non-coastal properties at 6.69%.

It is however not uncommon that these two categories had diverged, as the coastal property market is largely driven by holiday homes and was very apparent  during the housing boom of 2004. During this period the average year on year inflation of coastal properties was estimated at 50% and that of non-coastal at 33%

You can download the full report here 

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