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Land Registry Septmeber -0.2%


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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 by Kyoto
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<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.

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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.

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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.

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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.

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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? :blink:

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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.

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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.

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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

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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.

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  • 415 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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