For the last couple of years with the onset of 40+ life (aka grumpy old man according to this kids!) I’ve been tracking the financial markets and in particular the UK housing market as a general financial indicator.
In relation to UK house prices the following chart keeps appearing:
Despite studying Math at degree level and thinking that I understand Fast Fourier transforms and associated Complex numbers I still have a problem understanding what the chart above shows!
Does it mean (accoring to the Nationwide) that in February 2009 the average UK house price was down 17% but as of Sepember 2009 there has been a recovery and the average price is now the same as the start of 2009 – I don’t think so. Anyway, if that was the case the figure in January would always be 0%.
Surely a simple chart showing the average UK house price on a per month basis would be easier to understand?
Regardless, as somebody looking to purchase property in the near future I still prefer to use this chart from http://www.marketoracle.co.uk/