Re: Re: Jinsa Index – January

#107965

Chris M
Participant

Another distortion often overlooked but perhaps not totally relevant in Tinsa terms on prices is…

Sales completed volumes in 2006 and 2007 seems to show the market still rising or being active at that time, when nothing could have been further from the truth, what you had however was a huge volume of completions from properties that would have been purchased off-plan in from say 2002 onwards and were completing in 06-07.

So when you look at sales activity it is often grossly distorted by completion dates having been far beyond initial agreement to purchase.

Not sure if this helps but it is my contribution anyway!