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D C L G Turns Negative--At Last!


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http://uk.finance.yahoo.com/news/house-prices-up-8-4-percent-in-july-dclg-reuters_molt-b9150e73e489.html?x=0

House prices up 8.4 percent in July - DCLG
.9:38, Tuesday 14 September 2010
LONDON (
Reuters
) - House prices in Britain rose 8.4 percent on the year in July, down from a 9.9 percent gain in June, government data showed on Tuesday.
The Department for Communities and Local Government said house prices fell 0.3 percent on the month, after June's 0.4 percent gain.

Looks like Halifax are the only ones saying the house market is actually improving as prices rise and FTBs come back into the market. I think they might be fibbing.

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Why do we need DCLG to produce house price surveys? I would have thought this would be an ideal public sector cost saving. We already have an "official" survey from the LR, we don't need this one - it's a cr@p lagging indicator anyway.

I believe it is being reviewed soon. (probably even sooner now it's showing nasty figures!)

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  • 420 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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