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Just checked out the latest YOY figures from the LR for Swansea.

Q2 2004 1426 Houses sold

Q2 2005 731 Houses sold

Almost 50% down in the same period. Could be a small turkey for Christmas!!


PS can anyone beat that for a YOY drop.

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Yeah, the volumes are massively down:

DA5 2 - 2004 - 24

DA5 2 - 2005 - 11

I am very unsure of the validity of the figures too.

For example, detached houses were average £401,000 2004 but are now £240,000.

I think the massively reduced transaction volumes are skewing things up.

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These drops in sales volumes bring the market activity

back to what it was pre-boom in 1999/2000.

So... does that mean the price will revert too ?

All of Darlington

Q2 2004 914

Q2 2005 513

My part of Darlington DL3 0 (its also where a large new estate is being built (badly I hasten to add)).

Q2 2004 202

Q2 2004 54

Is that a 73% drop or so.

Edited by eek

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Don't forget that there are some serious lags in the data and numbers still filter through to the figures months later - so sales are likely to be higher than those reported.

Still - if the BOE try to prop this pig the number of people who are willing/able to afford this insanity will drop and sales figures down the line are likely to be horrific. The consumer economy will slump then due to fewer movers upgrading everything from the kitchen sink to the 4x4 and the drieway to go with the new house.

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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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