Tuesday, Sep 11, 2007
David you are wasting your time reporting old information
LandRegistry: July prices up 0.1%
The Land Registry information on July prices, released at the end of August, reflects more recent house purchases than the DCLG data on completed mortgages that have turned David on so badly. Land Registry: "House prices in England and Wales exhibit slow monthly growth for transactions that completed in July 2007. Although still positive, the 0.1 per cent rate of monthly increase is the lowest since June 2006" David it was 0.1% monthly or 1.2% per year... it was an appalling return, wasn't it?
Posted by confused76 @ 10:48 PM (350 views) Add Comment
6 Comments
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1. Sold Out said...
The land registry stats are the only ones worth looking at.A rise of 0.1% is crap.Cant wait to see augusts figures.
2. su said...
There are bound to be some areas that had an increase of more than 0.1% (London perhaps?) and others which would show a negative figure i.e. a fall!
3. Pendulum said...
HSBC online saver - 6.25%. Nice.
4. dohousescrashinthewoods said...
By the time we get Autun's figures, we may no longer be seeing negative price falls (to twist a VI phrase ;) )
5. Orwell said...
And real inflation is still 4-6%. Oh dear oh dear oh dear...
Oh and its the wage 'bargaining' season....
6. dbnazz1 said...
On the subject of wage bargaining and inflation. Looks like the unions are finally waking up to the great inflation con trick. Government preferred measure being changed to CPI and employers following suite by basing wage setllements on CPI. Becaue CPI was never a true measure of most peoples individual inflation, wages have fallen in terms of buying power.
Unions are starting to bite on this point and lots of public sector unions are looking at striking. Looks like a winter of discontent ahead.
A lot of Gordon Brown's policies were based on 'short termism' and were doomed for failure in the long term. I think we are now well and truly starting to see this failure unravel. Then when you add to the picture things like the credit cruch, it is all starting to look very messy. I think Gordon Brown during his time in the Treasury, pretty much ignored Money Supply, which is a major factor in the house price bubble that will without question end in tears.