[buytoilet]

just out on forex http://www.forexfact...om/calendar.php
down 1%
Have a nice day peeps

[marlint]

Decent drop in this month's figures

[neon tetra]

http://www.nationwid...al/Mar_2012.pdf

-1% MoM, -0.9% YoY.

[GordonBrownSpentMyFuture]

The BBC are using the F word.

BBC: House prices fell 1% in March, says Nationwide

Quote

House prices were pushed lower than a year ago for the first time in six months after prices fell by 1% in March, the Nationwide said.

The price of an average home was down 0.9% compared with a year earlier, at £163,327, the building society said.

This was the biggest annual fall since June 2011.

Nationwide said that the slowdown was to be expected owing to changes in stamp duty rules creating a "headwind" in an already difficult environment.

"In our view the challenging economic backdrop is likely to continue to act as a drag, with house prices moving sideways or modestly lower over the next 12 months," said Robert Gardner, Nationwide's chief economist.

First-time buyers must now join others in paying at least 1% tax on properties worth more than £125,000, after a two-year "stamp duty holiday" came to an end on Saturday.

Meanwhile, Chancellor George Osborne announced a new 7% stamp duty threshold on properties sold for more than £2m in his Budget.

The Nationwide figures, based on the lender's own mortgage data, also suggested that prices dipped in all but three regions of the UK in the first three months of the year compared with the previous quarter.

The only rises were seen in the North of England, Scotland, and Greater London.

1% down? In a month? In spring?

[getknk]

that's a hefty one..
-1% ..
super duper..

This post has been edited by getknk: 29 March 2012 - 06:17 AM

[neon tetra]

GordonBrownSpentMyFuture, on 29 March 2012 - 06:11 AM, said:

The BBC are using the F word.

BBC: House prices fell 1% in March, says Nationwide



1% down? In a month? In spring?

Actually up 0.4%, but seasonally adjusted down...

[nmarks]

Green shoots?

This post has been edited by nmarks: 29 March 2012 - 06:19 AM

[Pent Up]

neon tetra, on 29 March 2012 - 06:15 AM, said:

Actually up 0.4%, but seasonally adjusted down...

Although everyone on here abuses SA figures they are very important as without them all indicies would be totally meaningless rising and falling with the seasons and giving no perspective. Like rightmove.

It does have to be done properly though.

Loving the -1% Stamp duty holiday well and truly over. Let's hope the trend continues!

[GordonBrownSpentMyFuture]

Nationwide HPI - Graph

March 2001 = £85,077

March 2002 = £96,692

March 2003 = £122,180

March 2004 = £142,584

March 2005 = £153,876

March 2006 = £163,327
...
March 2012 = £162,083

Still some way to go but at least we're heading back in the right direction.

When's the next round of printy printy?

[Pent Up]

Last month revised down from 0.6 to 0.4 to. A good day

[Frank Hovis]

Quote

Nationwide said that the slowdown was to be expected owing to changes in stamp duty rules creating a "headwind" in an already difficult environment.

Surely this is to be expected after the change not before it so this 1% drop was NOT to be expected.

At last, after all the props have ceased to work, it's..... Timber!

[out2lunch]

Crash cruise speed

[GordonBrownSpentMyFuture]

neon tetra, on 29 March 2012 - 06:15 AM, said:

Actually up 0.4%, but seasonally adjusted down...

About time SA threw us a bone.

[admann]

Life support is being slowly withdrawn from the economy's brain dead Siamese twin following extensive surgery, and vital signs are weakening. Not long now .......

[singlemalt]

A few more months like this to get a nice trend going and we're laughing.