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dbr-
No they are just a low tech calc of recently exchanged sales, vs number that come up for sale, asking price vs. actual*
*Which in Scotland is always way off, more so since C19 hit
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And they used to be incredibly easily manipulated.
You could add in that your house had just sold for 'valuation + £100k' and Zoopla would thank you for your info and amend their valuation up by about £85k
A month later when the land reg docs showed it hadn't sold then it'd jump back down.
They've removed that recently.
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Do those Zoopla figures actually mean anything?
Dunno, the price was the same as what was last listed when it was sold (£350,000), but we end up paying more to try and get that place.
BrickMan
duncs
edscoble
Our flat have gone down In value according to Zoopla (!).
Didn’t account for any changes we made to it tho.