In the UK, the Halifax house price index indicates that house prices are starting to drop. At the same time a discussion about how the house price trends should be calculated has broken out in Australia after data from state governments was used by two organisations – one reported that property prices have risen and the other that prices have fallen.
It just goes to show that you should never trust a statistic you haven’t fudged yourself. How the Halifax price index is calculated is explained at a high level here.
