Despite some very strong readings from the official index, there is little evidence elsewhere to suggest that the price of newbuild homes has surged. Rather, the strong data likely reflect a timing issue that, in time, will likely be revised away. But in the meantime, this means that the index is likely to be overstating house price pressures.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.