Sunday, Jul 27, 2008
It's carnage - big falls across the board
Halifax: Quarterly report out now
London down 4.3% on the quarter, 16.1% annualized.
South East down 6.4% QoQ, 23.3% annualized.
East Midlands down 7.2% QoQ, 25.9% annualized.
The North down 9.3% QoQ, 32.4% annualized.
Northern Ireland down 14.6% QoQ, 46.9% annualized.
But hey, the Isle of Man is still rising!
Posted by little professor @ 10:50 PM (1007 views) Add Comment
8 Comments
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1. mark wadsworth said...
Wow, I didn't know they did these.
I''m looking forward to the July Haliwide surveys.
2. fubar said...
Scotland's immunity seems to be wearing off. Quarterly drop of 4.5% Annual drop of 2.1%
3. little professor said...
Clicky map thing if you don't want to go through each regional report to see all the figures:
http://www.hbosplc.com/economy/latestregionalsummary.asp
4. drewster said...
Isle of Man isn't correlated with the rest of the UK. They have their own government and their own taxes. Their chancellor is running a budget surplus (whereas the UK has a huge deficit). They have no capital gains tax, no stamp duty, and a top rate of income tax of just 18%.
On the negative side, they face the same credit crunch as the rest of the world, and a relatively high dependence on financial services. If the Isle of Man has to return to a life of agriculture and fishing then house prices are bound to fall significantly!
5. Maihem said...
Does "annualized"[sic] mean "change in monthly mean over one year" or is it a special word meaning "using clever maths to deceive"?
6. Ah-so said...
I noticed that the average annual earnings for Greater London in 2007 was £49,728 (full-time adult males). Despite all those earning very large salaries in London, I am still surprised by how high this figure is, as it is a decent white collar wage.
7. paul said...
"I noticed that the average annual earnings for Greater London in 2007 was £49,728 (full-time adult males) I am still surprised by how high this figure is, as it is a decent white collar wage."
Eh? Ahhh:
"Source: ONS Annual Survey of Hours and Earnings: Full-time males on adult rates, who have been in the same job for more than a year. Mean annual average earnings."
So what they do is they remove:
Women
Part time workers
People in their job less than a year
Then average out over the entire career of the remaining sample
Wow, that's a selective statistic, and is as such meaningless for the pruposes of what they are trying to show.
8. doomwatch said...
Maihem,
Annualised (not with a zed, as we're not dumb yanks)
is simply a period value multiplied by the number of period in a year
Annual percentage rate