Jump to content
House Price Crash Forum

Another One Turns Negative...

Recommended Posts

From the article:

"The drop has been driven by a 3.6 per cent increase in the number of homes on the market,"

And the rest. Either they have access to duff data or it's a delusion, this 'flood' of properties onto the market.

Link to post
Share on other sites

ZERO point 1%?

So tiny I am surprised it is even measurable. On a typical 400k semi in a rough part of London you are talking about a drop of 400 pounds.

I am wondering if the VIs are publishing these stats to calm the market and to get people to keep buying as a string of .1% losses would not amount to more than a few thousand in a year and its better than renting etc.

Link to post
Share on other sites

Just need the nationwide and then we have a full house. Next step is the YoY figures-when they go neg, there will be very ltd options for spin.

I thing DCLG is still positive isn't it? It's hard to keep track of the minor indices I forget which is which!

I heard this on the radio this morning that's what brought my attention to the release. Not a peep when the bigger more well known index of rightmove is down 0.6%

Nationwide going negative will be a big phycological blow as that's the main index of choice for the VIs.

Link to post
Share on other sites

It's an asking price index

(RTTNews) - The average asking price for a home in the United Kingdom was down 0.1 percent in July compared to the previous month, property Web site Hometrack said on Monday, falling for the first time in 15 months following the 0.1 percent increase in June.

On an annual basis, prices were up 2.0 percent in July after rising 2.1 percent a month earlier.

The number of new buyers was down 1.3 percent, the data showed, while new properties entering the market rose 3.6 percent.

Sellers are also receiving 94 percent of their asking price, down from 94.3 percent in June.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 417 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%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.