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Guildford retains its grip on reality

One of the virtues of my job is the ability to dip into a huge pool of data on property price movements and related trends.

While mainstream media headlines warning of property crashes or recoveries make entertaining reading, our lender and institutional clients are more interested in granular data that allows them to make decisions on a postcode basis.

This feeds back into product design, growth models and projected risk.

One of the more interesting market variables is the difference between the expected valuation estimated at the time of a lending application and the figure arrived at by a qualified valuer.

Big differences between the two can be an indicator of a market in freefall, where applicant sentiment has yet to catch up with reality.

Alternatively, they can suggest a strong local element of hope.

On the other hand, small differences are indicative of a more stable market. And when compared across a geographical region the data can show a correlation to the performance of a market historically.

But enough of the science – in England and Wales, CH, L and E postcodes showed the most overestimates in Q4 2009. For Northern Ireland, BT 13-15 had an even more severe issue and for Scotland, DG 3-9 looks challenging.

I can also reveal the area with the closest correlation and healthiest market by this measure – congratulations Guildford.



Boom in interest in rental properties

Countrywide saw new enquiries for rental properties rise by a massive 94% in January compared with the previous month.


Oxfam launches price comparison site

Oxfam says it wants to grab a slice of the multi-million pound online price comparison industry and has launched a new website which will ring fence at least two thirds of its entire revenue for the charity.

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The lucky ones

By Denise Wond, Marketing Relationship Manager, Royal London Do you consider yourself lucky? I don’t; I never seem to win a prize in the raffle, if there’s a cancelled train it’s usually the one I’m meant to be on and don’t start me on last year’s holiday. On the other hand, when I think about […]


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