Jump to content
House Price Crash Forum
Kyoto

November Halifax Hpi -0.1%

Recommended Posts

I make that about 2% down in the last three months?

When you put it like that, it sounds good.

Not as exciting but lots of small drops are much more sustainable.

Share this post


Link to post
Share on other sites

It's...

-0.1%

Brilliant! This figure reflects sales completed on offers made at the end of the summer - a time when EAs still had some "Sold" stickers in their windows. What are the figures going to be like come the New Year?!

Share this post


Link to post
Share on other sites

A meaningless figure in many ways - mostly because of such low transactions - but crucially, it sends the message to the sheeple that prices are dropping. Sentiment and all that...

Share this post


Link to post
Share on other sites

A meaningless figure in many ways - mostly because of such low transactions - but crucially, it sends the message to the sheeple that prices are dropping. Sentiment and all that...

Exactly. Imagine how a 0.1% rise would be greeted...

Share this post


Link to post
Share on other sites

The BBC's take on things:

UK house prices have continued to slip, falling by 0.1% in November from the previous month, the Halifax says.

The lender, now part of Lloyds Banking Group, said that the average property was now 0.7% cheaper than a year ago, at £164,708.

Sluggish demand and a higher number of properties for sale had pushed down prices, it said.

But it said that signs of a reluctance to sell from some homeowners could halt the decline in prices.

wow. they have so much to say about it!

Phew - reluctant sellers are going to maintain prices. That's OK then. I was worried for a minute.

At least they have mentioned the YoY fall (albeit in a slightly bbc-biased way).

Share this post


Link to post
Share on other sites

Don't be fooled!

Prices are 2.4% lower than last November.

They have chosen to show the annual decline by comparing 3m averages rather than month to month.

The fact they have done this and the "optimism", nay, "certainty" about how this decline will be halted is revealing.

In my experience, there are enough stubborn sellers out there as it is - however, even their efforts can’t stop the slide. After all, it’s not as if they were all reasonable and have now decided to be difficult in the face of this new evidence!

Share this post


Link to post
Share on other sites

Don't be fooled!

Prices are 2.4% lower than last November.

They have chosen to show the annual decline by comparing 3m averages rather than month to month.

The fact they have done this and the "optimism", nay, "certainty" about how this decline will be halted is revealing.

In my experience, there are enough stubborn sellers out there as it is - however, even their efforts can’t stop the slide. After all, it’s not as if they were all reasonable and have now decided to be difficult in the face of this new evidence!

Yes, in fact they are suggesting there will be even fewer sales in the coming months.

Share this post


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.

Guest
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.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 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.