Monday, Mar 30, 2009

Hometrack: -0.3%MoM, -10.3% YoY

Reuters: House prices fall at record annual rate in March

Today's pointless EA survey of the day, courtesy of Hometrack, shows that house prices are down 'only' 10.3% YoY. Hometrack has persistently reported lower price falls than Haliwide and even the Land Registry. The more important Nationwide figures should be out later today

Posted by little professor @ 12:52 AM (614 views) Add Comment

4 Comments

1. little professor said...

In other pointless survey news, and because it doesn't deserve a full post of its own:
Press Association
29th March

House price falls helping landlords



Professional landlords are beginning to expand their property portfolios again as they make the most of house price falls, research has shown.

The number of letting agents who said buy-to-let investors were buying properties more than doubled during the first quarter of the year, rising from 3.5% to 8.2%, according to the Association of Residential Letting Agents. [SO 91.8% OF LANDLORDS ARE NOT BUYING PROPERTIES?!!]

Monday, March 30, 2009 01:07AM Report Comment
 

2. Mr Rigsby said...

And those 8.2% of Landlords are only buying up any cheap stocks of repo's and developer blow-outs as is the case in the USA for the last 12 months.
New build flats -"Buy one, get one free" anyone?

Monday, March 30, 2009 01:52AM Report Comment
 

3. the haunted said...

"But despite the oversupply, rental returns remained largely unchanged during the three months to mid-March at 4.9% on flats and 4.8% on houses"

Well my new landlord has taken a 25% reduction on the property I'm about to move into and most places are on at a reduced price in my area.

Monday, March 30, 2009 07:12AM Report Comment
 

4. Ultra Vires said...

That's because hometrack source of data is estate agents! funny that!

Monday, March 30, 2009 09:39AM Report Comment
 

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