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Today is

TODAY'S TIP


Event countdown timer
  • Remaining time:
    08/21/2017 00:01:00
    • Actual 0.1% m/m; 2.8% y/y
    • Forecast -
    The Rightmove index is based upon sellers' asking prices as posted on the Rightmove website. Actual figures are not available nor are they verified by a third party. However, Rightmove claims that about 90 percent of all properties on sale are advertised on its website although this would seem to be an overestimate. It would appear that only properties which are new on the market in any given month are used in the calculation thereby ignoring price changes of properties already on the market. Rightmove claims to use the mix-adjustment standardisation method although...
    Country:
    Importance:Low
    Previous:0.1% m/m; 2.8% y/y

    The Rightmove index is based upon sellers' asking prices as posted on the Rightmove website. Actual figures are not available nor are they verified by a third party. However, Rightmove claims that about 90 percent of all properties on sale are advertised on its website although this would seem to be an overestimate. It would appear that only properties which are new on the market in any given month are used in the calculation thereby ignoring price changes of properties already on the market. Rightmove claims to use the mix-adjustment standardisation method although little information is available on how this is applied. The Rightmove index does not adjust the data to seasonal changes.Because of the way it uses asking price data, the Rightmove index could be the first to track changes in the property market. However, since the data is not very reliable, the index is not useful as an early trend indicator as monthly changes are too erratic.

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