Price Index
The holland hall price index shows that the average price of a property sold reached the lowest level in Q1 2009 and has steadily increased during the subsequent three quarters.
By the end of 2009 the index had reached 202 which was the same level as in Q3 2007 however still 35 points below the all time high of 237 reached in Quarter 2 in 2008.
The average price of a property sold by the end of 2009 was 15% lower than the peak in 2008. It should be noted that this does not mean house prices have dropped by this amount. What has actually happened is that the relative number of higher value properties being sold has reduced and therefore pushed down the average sales value for the area.
