Pricia Thai

The Assembly doesn't produce a budget as such. The Welsh Government have come up with a budget though, but in its current form that's been voted out. We'll soon see what Labour come up with next.

The latest Land Registry figures do suggest that Cardiff has been falling for a few months now: Month % change July 2010 - 0.5 August 2010 - 0.6 September 2010 + 0.8 October 2010 - 1.5 November 2010 - 0.3 December 2010 - 1.0 January 2011 - 1.2 So since June 2010 that's six monthly drops out of seven, dropping around 1% a month over the last three or four months. The latest monthly figures may well be revised quite a bit in a month's time, but there seems to be a good downward trend at present.

One day later and it's dropped another £7,500 (+ stamp duty paid) http://www.rightmove.co.uk/property-for-sale/property-27592501.html So now it's only £92,500 to go!

The place mentioned by cardiffone : has now come down to £295: http://www.rightmove.co.uk/property-for-sale/property-27592501.html Unsurprisingly.

Pricia Thai: In fairness to the Beeb, this error is from the LR's own website!

The BBC have changed 1% to 0.1%, but the following is still wrong: 'House prices in England and Wales have risen month-on-month for the first time since January 2008, according to the Land Registry.' First 2009 rise for house prices In fact, the Land Resgistry shows that they went up in April 2008. Funny how both their errors make this tiny increase seem more significant than it is.

I've just had a look at the figures for Cardiff on the Land Registry website. Cardiff prices had been dropping more slowly than the rest of England and Wales, but they look to be catching up now. For instance, eight of the past nine months have seen drops of over 1.5%. Figures for the last quarter are also interesting: March England & Wales: -0.4 Cardiff: -1.5 April England & Wales: -0.3 Cardiff: -2.5 May England & Wales: -0.2 Cardiff: -1.6 But the number of sales has been very very low, it must be said. It will be interesting to see if the recent Halifax/Nationwide figures are reflected in these figures over the next two or three months. At present though, things seem to be going in the right direction.

Thanks Mal Volio. Following your suggestion, I found this site, which explains things quite well: http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0 But if the Land Registry's HPI is the most accurate, why does the BBC use what seems to be a less sophisticated and less useful way of calculating prices? The LR website certainly suggests that its HPI is better than the system the BBC uses, even if the BBC uses raw LR data.

Just had a look at the Land Registry website for Cardiff. Here are some average prices: March 2008: £157,181 December 2008: £143,602 March 2009: £139, 583 So they seem to be going down significantly, over the last year and the last quarter. But the BBC says that their figures (which are very, very different) are supplied by the Land Registry. Can anyone explain the difference?