Property agents’ pricing data are timely, since provisional agreements are reached earlier than formal purchase and sales agreements, but the sampling size is limited. Photo: Felix Wong
Property agents’ pricing data are timely, since provisional agreements are reached earlier than formal purchase and sales agreements, but the sampling size is limited. Photo: Felix Wong

Can property price indices be considered reliable? Data prone to fluctuate as transaction volume falls

As monthly sales in the secondary market hit new lows, can price indices – which may be skewed by a small number of high- or low-value sales – still be relied on as accurate indicators of the state of the property sector?

Property agents’ pricing data are timely, since provisional agreements are reached earlier than formal purchase and sales agreements, but the sampling size is limited. Photo: Felix Wong
Property agents’ pricing data are timely, since provisional agreements are reached earlier than formal purchase and sales agreements, but the sampling size is limited. Photo: Felix Wong
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