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House Prices Decline Again In May - land registry

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http://news.bbc.co.uk/1/hi/business/8120647.stm

House prices in England and Wales fell slightly again last month, according to figures from the Land Registry.

The average house price in May fell by 0.2% from April to £152,497, while the annual rate of decline was 15.9%.

This was a slight slowdown on the 16.2% year-on-year drop recorded for both April and March.

The latest Land Registry data comes a week after the Council of Mortgage Lenders said lending levels across the UK fell back again in May.

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http://news.bbc.co.uk/1/hi/business/8120647.stm

House prices in England and Wales fell slightly again last month, according to figures from the Land Registry.

The average house price in May fell by 0.2% from April to £152,497, while the annual rate of decline was 15.9%.

This was a slight slowdown on the 16.2% year-on-year drop recorded for both April and March.

The latest Land Registry data comes a week after the Council of Mortgage Lenders said lending levels across the UK fell back again in May.

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http://news.bbc.co.uk/1/hi/business/8120647.stm

House prices in England and Wales fell slightly again last month, according to figures from the Land Registry.

The average house price in May fell by 0.2% from April to £152,497, while the annual rate of decline was 15.9%.

This was a slight slowdown on the 16.2% year-on-year drop recorded for both April and March.

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House prices decline again in May

House prices in England and Wales fell slightly again last month, according to figures from the Land Registry.

The average house price in May fell by 0.2% from April to £152,497, while the annual rate of decline was 15.9%.

This was a slight slowdown on the 16.2% year-on-year drop recorded for both April and March.

BBC News

I thought things were improving?! <_<

Interest rates are at a historic low and we are rapidly increasing national debt in an attempt to save the housing market but prices are still falling.

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http://news.bbc.co.uk/1/hi/business/8120647.stm

House prices in England and Wales fell slightly again last month, according to figures from the Land Registry.

The average house price in May fell by 0.2% from April to £152,497, while the annual rate of decline was 15.9%.

This was a slight slowdown on the 16.2% year-on-year drop recorded for both April and March.

Why are you posting house price statistics on this site?

p-o-p

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http://news.bbc.co.uk/1/hi/business/8120647.stm

House prices in England and Wales fell slightly again last month, according to figures from the Land Registry.

The average house price in May fell by 0.2% from April to £152,497, while the annual rate of decline was 15.9%.

This was a slight slowdown on the 16.2% year-on-year drop recorded for both April and March.

BUMP

you beat me too it.. :)

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It's in line with what I was expecting. I think we will have similar small falls for another two months and then the rate of fall will accelerate. By November we should be at -2% a month.

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http://news.bbc.co.uk/1/hi/business/8120647.stm

House prices in England and Wales fell slightly again last month, according to figures from the Land Registry.

'Course as we all know this reflects activity around Feb/March time so predates prime mainstream "greeeeeen shooooots" fever. The next couple of reports are likely to be "less negative" but will be spun as a continuing recovery by VIs. Let's not be as dumb as them and call this what it is.

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-0.2% in the height of the Spring "dead cat" bounce

Rinoa Is this the Recovereh!!!?

When winter comes it's going to get messy

Another 20% at least from peak by this time next year

X

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As you bears were so fond of saying at the start of the crash, the LR is based on actual registered transactions and lags the lenders figures significantly :rolleyes: .

Look for a monthly rise in a couple of months as it follows the Haliwide.

Be gracious in defeat. You bulls have taken another kicking this month. :lol:

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As you bears were so fond of saying at the start of the crash, the LR is based on actual registered transactions and lags the lenders figures significantly :rolleyes: .

Look for a monthly rise in a couple of months as it follows the Haliwide.

Unfortunately, I believe that you may have a point.

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Also from the BBC webpage:

North East hit

All regions of England saw annual prices fall again May, with the North East posting the sharpest decline - down 17.2%.

The North East also saw the biggest month-on-month fall, with May prices 4.3% lower than April.

However, Wales and four English regions - East, North East, West Midlands, South East - saw prices increase in May compared with April.

The Land Registry also said that the average number of property transactions totalled 31,091 between December of last year and March, more than half less than the 64,674 a year earlier.

To what extent does this undermine the 'greenshoots' claims? Or should we be expecting the pick-up in transactions to show up in the next quarter results?

For what it's worth from an anecdotal angle - here in the West Midlands, using Property Bee, transactions (in terms of properties going SSTC on Rightmove) in the areas I track have dropped way back for June compared to what I was seeing in April and May. And like others have said on other threads on HPC, in the last couple weeks Estate Agents seem to have become a lot more proactive in terms of phoning me and sending e-mails.

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As you bears were so fond of saying at the start of the crash, the LR is based on actual registered transactions and lags the lenders figures significantly :rolleyes: .

Look for a monthly rise in a couple of months as it follows the Haliwide.

How many houses were actually sold as well?

No FTB's are getting mortgages even if they want them.

I think most Bulls and Bears agree on here that there is a seasonal "bounce"

in property sales in the Spring/Summer months

Well if this is the bounce wait till November!!!

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As you bears were so fond of saying at the start of the crash, the LR is based on actual registered transactions and lags the lenders figures significantly :rolleyes: .

Look for a monthly rise in a couple of months as it follows the Haliwide.

That's what I said

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As you bears were so fond of saying at the start of the crash, the LR is based on actual registered transactions and lags the lenders figures significantly :rolleyes: .

Look for a monthly rise in a couple of months as it follows the Haliwide.

No problem with that, although I expect Haliwide will be in negative territory again by then

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