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Timm

Acadametrics Index June

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http://www.acadametrics.co.uk/acadHousePrices.php

Please note, this is the index formally known as FT Acadametrics. LSL have replaced the FT as sponsor / partner.

Edited* highlights:

House prices continued to fall in June, down 0.5% on May levels. This is mainly a result of sellers finally coming to terms with buyer demand for greater price discounts.

Annual prices are 7.7% above a year ago, down from a 9.1% annual rise last month.

*highly edited it has to be said: there is some pretty bullish stuff in there too.

Edited by Timm

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http://www.acadametrics.co.uk/acadHousePrices.php

Please note, this is the index formally known as FT Acadametrics. LSL have replaced the FT as sponsor / partner.

Edited* highlights:

*highly edited it has to be said: there is some pretty bullish stuff in there too.

Excellent-just keep the good news coming! Weren't the last figures recently revised down too? Momentum starting to build...

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This is the forth consecutive drop for acadimetrics. Although they do say that they estimate that transaction surged 20% MOM in June.

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I posted this yesterday. No one cared.

Its a bit like someone bringing out a nice Sherry trifle after everyone has just finished eating a large slice of chocolate cheesecake.

We were all full and burping on the Halifax report.

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Its a bit like someone bringing out a nice Sherry trifle after everyone has just finished eating a large slice of chocolate cheesecake.

We were all full and burping on the Halifax report.

Exactly. This was 'strictly embargoed' until this morning but was sneaked out yesterday during the media scrum around the Halifax figures, thus preventing two consecutive days of negative data. There wasn't a hint of this on in the media and I doubt there will be today.

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This is the forth consecutive drop for acadimetrics. Although they do say that they estimate that transaction surged 20% MOM in June.

A lot of heavily discounted sub-250k stuff is selling around my way--but these are representing some big fall since the beginning of the year. According to a local EA the market has now turned and buyers are winning.

Just had a call from an EA and he said anyone asking 275 or thereabouts are coming down to below 250 without much haggling. So a bit of freefall starting to happen in East Sussex!

Above 250k and the sellers are going to be sitting on huge losses if they wait much longer.

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A lot of heavily discounted sub-250k stuff is selling around my way--but these are representing some big fall since the beginning of the year. According to a local EA the market has now turned and buyers are winning.

Just had a call from an EA and he said anyone asking 275 or thereabouts are coming down to below 250 without much haggling. So a bit of freefall starting to happen in East Sussex!

Above 250k and the sellers are going to be sitting on huge losses if they wait much longer.

Sounds sensible as at 275 your going to get haggled down to below the next stamp duty threshold. Seems roughly the same as the last couple of months in Essex. Not much selling and lots of reductions. Especially at the lower end of the Market.

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Its a bit like someone bringing out a nice Sherry trifle after everyone has just finished eating a large slice of chocolate cheesecake.

We were all full and burping on the Halifax report.

HPC fatigue, already? :P

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The number of transactions surged from a low in May and is still only 63% of the long term average. This is an 'index of indices' and uses LR data and others. Claims to be the most accurate and the last four months are -0.5, -0.9, -0.5, -0.5.

It wouldn't surprise me if that little sequence continues for a while then reverses then re-starts again etc etc for about the next five years... house prices will fall but not nearly as quickly or severely as most people here seem to think they will... some are still saying prices will fall 20/30% THIS year... its pretty much an impossibility.

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  • 149 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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