Kyoto Posted October 28, 2010 Share Posted October 28, 2010 (edited) Thoughts on this - released today at 11 am? http://www1.landregistry.gov.uk/houseprices/ We always point out the lag on these figures, but todays figure is for September (completions late summer?) so we should really be seeing a turn by now. We also point out that these figures don't include repos and auctions, but as we know, forced sellers have also been relatively thin on the ground. All in all, I feel this is one to watch today.... A negative number would be great. Edit - August Figure +0.3, July Figure +0.4. We have also had 10 months of consecutive rises on this one so well overdue a turn. Edited October 28, 2010 by Kyoto Quote Link to comment Share on other sites More sharing options...
Driver Posted October 28, 2010 Share Posted October 28, 2010 <Snip> We also point out that these figures don't include repos and auctions, <snip> Except they do include auctions provided the auction is not an auction of a repossessed property. This "auctions are excluded" is an urban myth that keeps resurfacing. Quote Link to comment Share on other sites More sharing options...
Kyoto Posted October 28, 2010 Author Share Posted October 28, 2010 Except they do include auctions provided the auction is not an auction of a repossessed property. This "auctions are excluded" is an urban myth that keeps resurfacing. OK, thanks for that. This is really the best and most representative index we have. Plus they give good regional data, which is much more interesting than the headline figure. Quote Link to comment Share on other sites More sharing options...
exiges Posted October 28, 2010 Share Posted October 28, 2010 Except they do include auctions provided the auction is not an auction of a repossessed property. Which is weird, because a purchase is a purchase, regardless of how distressed it is. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted October 28, 2010 Share Posted October 28, 2010 Except they do include auctions provided the auction is not an auction of a repossessed property. This "auctions are excluded" is an urban myth that keeps resurfacing. It doesn't contain anything that they consider to be below Market value, there's a list somewhere of exactly what is excluded. I believe someone did say that the academtrics includes all sales submitted to the land registry. So technically this should be more accurate. Although their latest figure Is always an estimate. Quote Link to comment Share on other sites More sharing options...
ngn Posted October 28, 2010 Share Posted October 28, 2010 we are killing it with the F5.... hold yerrrr horses everyone Quote Link to comment Share on other sites More sharing options...
Kyoto Posted October 28, 2010 Author Share Posted October 28, 2010 Monthly -0.2% Woohoo! Quote Link to comment Share on other sites More sharing options...
ngn Posted October 28, 2010 Share Posted October 28, 2010 September 2010: 267.3 (January 1995: 100) Average price £166,769 Change Monthly -0.2% Annual 5.2% Quote Link to comment Share on other sites More sharing options...
Pent Up Posted October 28, 2010 Share Posted October 28, 2010 Monthly -0.2% Woohoo! At least it's negative. Has last months been revised? It's going to me all day to load their stupid site on my iPhone. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted October 28, 2010 Share Posted October 28, 2010 Quote Link to comment Share on other sites More sharing options...
exiges Posted October 28, 2010 Share Posted October 28, 2010 It doesn't contain anything that they consider to be below Market value, there's a list somewhere of exactly what is excluded. It's just as well they don't exclude over Market value sales.. otherwise it'd be a very small dataset ! Good news though, if a little subdued. Quote Link to comment Share on other sites More sharing options...
moonriver Posted October 28, 2010 Share Posted October 28, 2010 Monthly -0.2% Woohoo! Great news. At last we have all negative figures. Quote Link to comment Share on other sites More sharing options...
ngn Posted October 28, 2010 Share Posted October 28, 2010 (edited) London and the South East (where prices never fall, due to the shortage of space etc): SE: -0.3% London: -0.6% Average saved by Yorkshire & The Humber (+1.5%) Edited October 28, 2010 by ngn Quote Link to comment Share on other sites More sharing options...
W1zard Posted October 28, 2010 Share Posted October 28, 2010 Fantastic news people - Who'd be a seller holding out for their 150% inflated asking price now its ALL gone negative! Quote Link to comment Share on other sites More sharing options...
Lennon Posted October 28, 2010 Share Posted October 28, 2010 Details are slightly odd... guessing due to small size - London Boroughs and the monthly numbers - most around 0 (+ - 0.5%ish) with 2 exceptions - Kensington & Chelsea and Newham which are -2.2% and -2.3% respectively. Anyone want to tell me what the similarities are between those 2 boroughs? Quote Link to comment Share on other sites More sharing options...
papag Posted October 28, 2010 Share Posted October 28, 2010 London and the South East (where prices never fall, due to the shortage of space etc): SE: -0.3% London: -0.6% Average saved by Yorkshire & The Humber (+1.5%) well not in Leeds, prices are crashing just seen a 2 bed semi bungalow on offer at 85k was 110k a few weeks ago, people are accepting bids well under asking prices, An estate agent told a friends son looking at a house in Leeds for 120k that if he offered 110k cash he would easily get it, he completed this week for 99500. If anyone knows Whitehall Road / main drag to Halifax in Leeds near the Ringways garage around 30 for sale boards on the road side maybe even more if you go into the development,they were all around 140k only a couple of years ago, people will be losing fortunes they are not selling now at 80k. Quote Link to comment Share on other sites More sharing options...
Kyoto Posted October 28, 2010 Author Share Posted October 28, 2010 well not in Leeds, prices are crashing just seen a 2 bed semi bungalow on offer at 85k was 110k a few weeks ago, people are accepting bids well under asking prices, An estate agent told a friends son looking at a house in Leeds for 120k that if he offered 110k cash he would easily get it, he completed this week for 99500. If anyone knows Whitehall Road / main drag to Halifax in Leeds near the Ringways garage around 30 for sale boards on the road side maybe even more if you go into the development,they were all around 140k only a couple of years ago, people will be losing fortunes they are not selling now at 80k. Leeds is starting to look like HPC ground zero. Saw a lovely place in Batley at the weekend, last sold £175k. Today on at £119k and very much open to offers. Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted October 28, 2010 Share Posted October 28, 2010 That's surprisingly good. I expected a rise and the media to ride on the news. Except ,nothing. A full house this month. And so it begins.... Quote Link to comment Share on other sites More sharing options...
Guest_James Toney_* Posted October 28, 2010 Share Posted October 28, 2010 well not in Leeds, prices are crashing just seen a 2 bed semi bungalow on offer at 85k was 110k a few weeks ago, people are accepting bids well under asking prices, An estate agent told a friends son looking at a house in Leeds for 120k that if he offered 110k cash he would easily get it, he completed this week for 99500. If anyone knows Whitehall Road / main drag to Halifax in Leeds near the Ringways garage around 30 for sale boards on the road side maybe even more if you go into the development,they were all around 140k only a couple of years ago, people will be losing fortunes they are not selling now at 80k. not been to leeds for ages, but was at a friends near bradford last week, and he said they were coming down by 20-30 k on 130k houses, he was amazed Quote Link to comment Share on other sites More sharing options...
Guest_James Toney_* Posted October 28, 2010 Share Posted October 28, 2010 Leeds is starting to look like HPC ground zero. Saw a lovely place in Batley at the weekend, last sold £175k. Today on at £119k and very much open to offers. that is fantastic news, Quote Link to comment Share on other sites More sharing options...
moonriver Posted October 28, 2010 Share Posted October 28, 2010 not been to leeds for ages, but was at a friends near bradford last week, and he said they were coming down by 20-30 k on 130k houses, he was amazed It is good to hear these ancedotals. It is these sales we can look forward to being reflected in the LR figures, a few months down the line. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted October 28, 2010 Share Posted October 28, 2010 That's surprisingly good. I expected a rise and the media to ride on the news. Except ,nothing. A full house this month. And so it begins.... Can't be sure what Halifax will come out with yet! Quote Link to comment Share on other sites More sharing options...
aussieboy Posted October 28, 2010 Share Posted October 28, 2010 Ugh - unbranded champagne. BTW the LR figures are not sacrosanct: my UK sale in 2007 was on the records for a few months then for some reason it disappeared. Quote Link to comment Share on other sites More sharing options...
Charlie Don't Surf Posted October 28, 2010 Share Posted October 28, 2010 Remind me, how many months does the LR lag? Are these the equivalent figures to before the -3.6% Haliwide whatever drop? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted October 28, 2010 Share Posted October 28, 2010 Mal Volio bought his house in Monmouthshire in September so, even though he got a good deal, he alone may have been responsible for the positive Monmouthshire figures Quote Link to comment Share on other sites More sharing options...
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