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Everything posted by TheCountOfNowhere
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Property Lion Index: July 2022
TheCountOfNowhere replied to TheCountOfNowhere's topic in House prices and the economy
#East_Midlands: Average Current Asking Price: £344132 -0.07 MoM <<<- GOOD NEWS +4.83% QoQ +10.46% YoY <<<- A tragedy Number of Listings: 14951 +8.01% MoM +20.43% QoQ +11.90% YoY MeanValue = 290000 =============== #East_of_England: Average Current Asking Price: £457081 +0.66% MoM +8.64% QoQ +6.14% YoY Number of Listings: 26960 +7.70% MoM +17.50% QoQ +38.46% YoY <<<- MASSIVE JUMP IN LISTINGS MeanValue = 359500 =============== #London: Average Current Asking Price: £1003585 +1.06% MoM +3.98% QoQ +13.16% YoY Number of Listings: 53448 +3.85% MoM +8.29% QoQ -3.16% YoY <<<- London listings remained high through covid MeanValue = 595000 =============== #North_East_England: Average Current Asking Price: £228751 +1.80% MoM +5.58% QoQ +8.35% YoY Number of Listings: 10195 +8.85% MoM +19.28% QoQ -2.423 YoY MeanValue = 169500 =============== #North_West_England: Average Current Asking Price: £295285 +1.72% MoM +7.16% QoQ +8.73% YoY Number of Listings: 29843 +9.00% MoM +18.66% QoQ +8.73% YoY MeanValue = 225000 =============== #Scotland: Average Current Asking Price: £255516 +3.68% MoM +12.54% QoQ <<<- +50% annualised!!!!....it's not a bubble +8.36% YoY Number of Listings: 9601 +10.37% MoM +25.39% QoQ +12.90% YoY MeanValue = 180000 =============== #South_East_England: Average Current Asking Price: £550290 +1.62% MoM +10.16% QoQ <<<<<< INSANITY OF THE HIGHEST ORDER +10.85% YoY Number of Listings: 45948 +8.01% MoM +17.02% QoQ +15.53% YoY MeanValue = 400000 =============== #South_West_England: Average Current Asking Price: £457810 +1.40% MoM +11.57% QoQ +17.75% YoY Number of Listings: 24594 +10.27% MoM +28.15% QoQ +21.04% YoY MeanValue = 350000 =============== #Wales: Average Current Asking Price: £323415 +1.06% MoM +7.07% QoQ +13.86% YoY Number of Listings: 10241 +11.8% MoM +27.84% QoQ +16.05% YoY MeanValue = 250000 =============== #West_Midlands: Average Current Asking Price: £348145 +1.73% MoM +8.20% QoQ +13.99% YoY Number of Listings: 18756 +7.93% MoM +19.62% QoQ -0.59% YoY MeanValue = 275000 -
Examples of big & multiple drops
TheCountOfNowhere replied to Sausage's topic in House prices and the economy
Hey DM, no need to thank me, I just hope when the bubble implodes that I've done a little bit to end it. Now, why would anyone buy a house when valuations are this out of kilter with reality...this is still £600,000 over priced. -
Energy prices through the roof
TheCountOfNowhere replied to NoHPCinTheUK's topic in House prices and the economy
Are there any cheap fixed mortgage deals Oh, the fecking irony. Im coining it in via energy shares, why are people with BTL portfolios and massive houses not happy for me -
Energy prices through the roof
TheCountOfNowhere replied to NoHPCinTheUK's topic in House prices and the economy
It's brilliant isn't. Prices going through the roof. I own energy shares, lots of them, 10% divides and prices up 100% in 2 years. Wish I'd bought more. Buy energy shares before you lose out. They're not making any more fossil fuels, energy prices only go up. That's how it feels to non homeowners you bunch of ignorant boomer thieves. I hope 1000s suffer in their freezing cold 6 bed houses like homeless British young -
Property Lion Index: July 2022
TheCountOfNowhere replied to TheCountOfNowhere's topic in House prices and the economy
Dont you just hate a smart arse. I've started using median values because the average is being skewed by top end listings and london. London average asking price is 2x the national average and has 1/5th of the total properties We dont have : 1, 1, 1, 2, 3, 4, 7, 7, 7 we have 1,1,2,2,3,3,4,4,200,900,1000. -
Property Lion Index: July 2022
TheCountOfNowhere replied to TheCountOfNowhere's topic in House prices and the economy
No, the average values are the same. I introduced the median for the reason someone has pointed out... " so it's not inconceivable that the mix of housing on the market is skewing to the expensive side at the moment" London/SE/SW have skewed the figures for some time, even in the shires, with so few properties 1 £20M house moves the average up. Median prices are the ones to watch now and they stopped dead this month -
Slightly better news this month. The average price mom went up +0.33%. Last 3 months showed around 2% per month increases, so that is a big slow down. The big news is the number of listings has shot up 8% this month and is up 25% from the all time low. I've started using median values because the average is being skewed by top end listings and london. Median current asking price unchanged MOM, last month it was up 3% !!!
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Examples of big & multiple drops
TheCountOfNowhere replied to Sausage's topic in House prices and the economy
Seen worse but it's still 200K over priced -
Examples of big & multiple drops
TheCountOfNowhere replied to Sausage's topic in House prices and the economy
2 bed falt. -
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The penny has finally dropped at mumsnet
TheCountOfNowhere replied to Frugal Git's topic in House prices and the economy
US house prices up 22% in a year I've just read. You cant lose, get in now. -
A "flash crash" is very likely
TheCountOfNowhere replied to henry the king's topic in House prices and the economy
I dont disagree with you, I think UK is about to be shocked how quickly the wheels can come off. We might have a nominal flash crash followed by another 30% real term drop. One thing for sure is, the paradigm has shifted. -
A "flash crash" is very likely
TheCountOfNowhere replied to henry the king's topic in House prices and the economy
This is a once in a 100 year event. -
A "flash crash" is very likely
TheCountOfNowhere replied to henry the king's topic in House prices and the economy
Here are some of the headlines from OZ/NZ/Canada. I dont think it'll be a flash crash...it'll be a Japan Crash. Prices down, never to return. -
Has the crash started ?
TheCountOfNowhere replied to TheCountOfNowhere's topic in House prices and the economy
read between the lines....it's bloody obvious... They have made a giant hole in sales and are falling into it. -
A "flash crash" is very likely
TheCountOfNowhere replied to henry the king's topic in House prices and the economy
Your mate just did. -
It's gone of the boil - It's official
TheCountOfNowhere replied to Bear Goggles's topic in House prices and the economy
Just because you and 99% of the country cant afford a bog standard house that a bin man used to be able to buy does not mean the prices are crazy. -
It's gone of the boil - It's official
TheCountOfNowhere replied to Bear Goggles's topic in House prices and the economy
Whatever could the problem be -
Examples of big & multiple drops
TheCountOfNowhere replied to Sausage's topic in House prices and the economy
I think the decency of people/neighbors is inversely proportional to the price of your house. -
The penny has finally dropped at mumsnet
TheCountOfNowhere replied to Frugal Git's topic in House prices and the economy
I dont think they get it. The chances are they wont be repossessed and will spent a lifetime trying to cover losses.