Lies, damned lies and Nationwide

Nationwide have revealed their 2007 House Price Inflation (HPI) figures for individual cities:

http://www.nationwide.co.uk/hpi/historical/M_S_2007.pdf

Nottingham (-2% last year) has disappeared from the 2007 list while Aberdeen (+25%) has entered, very convenient!

Prices in major English cities have fallen in real-terms over the past two years: Birmingham, Manchester, Liverpool and Newcastle. The likes of Cardiff, Coventry, Leicester, Bath, Durham, Leeds and Northampton have managed HPI a touch above RPI. After upkeep costs where are the capital gains? Restricted to the upper-middle class and Celts it seems!

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