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laurejon

Land Registry Reports Price Rise Of 5%

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Featured in the Telegraph, and This is London.

5% of 186,000 is £9000

What are we to make of this, if the figures from the Land Registry are correct many STR'ers may well be gettting very Jumpy.

The subdued property market has left the average price of a home in England and Wales just 5% higher than a year earlier, the Land Registry said.

The rise in the three months to June 30 backs up evidence from other surveys showing prices increasing at their weakest level for almost a decade.

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I know Bullish news is very hard to come by nowadays but in your excitment you completely missed a dedicated thread done earlier. Or is it that good news for property owners is so rare you now post it twice?

Edited by Spring Bounce?????

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Featured in the Telegraph, and This is London.

5% of 186,000 is £9000

What are we to make of this, if the figures from the Land Registry are correct many STR'ers may well be gettting very Jumpy.

The subdued property market has left the average price of a home in England and Wales just 5% higher than a year earlier, the Land Registry said.

The rise in the three months to June 30 backs up evidence from other surveys showing prices increasing at their weakest level for almost a decade.

Hmm.. So all those sellers on the Channel4 and expats forums who've been trying to sell for months - having chopped tens of thousands off their asking prices - must be living in dream world? You should go over to those forums and post the good news: Please, raise you prices by 5%, it's the only way to sell! :D

Nomadd

EDIT: Spelling.

Edited by Nomadd

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Featured in the Telegraph, and This is London.

5% of 186,000 is £9000

What are we to make of this, if the figures from the Land Registry are correct many STR'ers may well be gettting very Jumpy.

The subdued property market has left the average price of a home in England and Wales just 5% higher than a year earlier, the Land Registry said.

The rise in the three months to June 30 backs up evidence from other surveys showing prices increasing at their weakest level for almost a decade.

there's too much of a time lag on their figures to give an accurate picture....the best is yet to come !

Am I Jumpy ? yeah, jumping with joy that we will be yoy negative by the time they publish their next set of figures :D

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Guest Riser
Featured in the Telegraph, and This is London.

5% of 186,000 is £9000

What are we to make of this, if the figures from the Land Registry are correct many STR'ers may well be gettting very Jumpy.

Why would we be getting jumpy the trend in HPI is clear and will go negative around October. Transactions are down around 30% on last year so anyone trying to realise those 5% gains in the past year are going to find it difficult as more and more buyers wake upto the fact the market is falling and expect bigger discounts.

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Just to reiterate the points made here

Land registry figures are not mix adjusted and are prone to distortion during a changing market; for more information on this click here. They are also extremely laggy and serve only to act as a rear view mirror.

As it states at mouseprice, the most useful piece of data from the land registry is the transaction volumes: these are massively down, I believe nearly 50% down on last year (although I've struggled to find accurate confirmation of this, it is not clearly reported in the articles).

It shows buyers and sellers are locking horns and neither are willing to give way. Something has to give at some point, and it may well be pre-empted by the estate agents who stand to lose their livelihoods if this situation prolongs.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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