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Rightmove Index: December 2010 -3.0%

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Another embargo beating post mon amis.

http://www.rightmove.co.uk/news/files/2010/12/december-2010.pdf

Shame it isn't quite -ve for the y/y

Well done on adding December to your title.

That hotairmail character has a lot to answer for IMO confusingly doing a November rightmove thread today.

What's the policy on HPC? Stocks and rotten fruit or a birching?

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Im not seeing it. I can only assume that the absurdly overpriced end of the market is 6.2% less overpriced because i simply dont look at that end of the market.

Certainly the 'not quite as absurdly overpriced' end of the market i look at isnt falling. Volumes seem to be. Hardly anything coming on to the market, although i guess thats to be expected near xmas.

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The new year should be a lot better

VAT changes

Unemployment set to rise

Newly created jobs resulting from the shift from public sector to private sector will not offer the same levels of employment protection/redundancy and other benefits

Increases in taxation

Reduction in Child benefit

Increase checking of mortgage applications so all income has to be verified

Cuts in housing benefit

The surprising reluctance of banks to increase lending in a falling market

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:lol:

got the appetite whetted though...everyone was ready and furnished with all the numbers!

I downgraded your punishment rating from stoning because I knew you were partially trying to cheer up RB and TMT.

From the rightmove report:

Lower prices will further assist the affordability of deposit rich first-time buyers and yields of active buy-to-let landlords. Equity blessed

trader uppers are relatively unaffected as any price falls on their property can in theory be passed up the chain.

Equity "blessed" does God favour house buyers as well now?

This blurb is almost saying lower prices are good but falls a little short. I suppose it's too much to ask for them to do some figures that show price falls actually help people upsizing?

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The new year should be a lot better

VAT changes

Unemployment set to rise

Newly created jobs resulting from the shift from public sector to private sector will not offer the same levels of employment protection/redundancy and other benefits

Increases in taxation

Reduction in Child benefit

Increase checking of mortgage applications so all income has to be verified

Cuts in housing benefit

The surprising reluctance of banks to increase lending in a falling market

January is always a good time to stay closed.

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The new year should be a lot better

VAT changes

Unemployment set to rise

Newly created jobs resulting from the shift from public sector to private sector will not offer the same levels of employment protection/redundancy and other benefits

Increases in taxation

Reduction in Child benefit

Increase checking of mortgage applications so all income has to be verified

Cuts in housing benefit

The surprising reluctance of banks to increase lending in a falling market

And don't forget the weather. The coming cold spell looks like it could be an economic disaster, http://www.housepricecrash.co.uk/forum/index.php?showtopic=156049

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Another embargo beating post mon amis.

http://www.rightmove.co.uk/news/files/2010/12/december-2010.pdf

Shame it isn't quite -ve for the y/y

MERRY CHRISTMAS HPCers! :D

Where did you find it? Can't find it on their website or am I missing it?

Last few Decembers change (remember no seasonal adjustment so it should be a fall.)

09 -2.2%

08 -2.3%

07 -3.2%

06 -0.3%

05 -0.8%

04 -0.3%

03 +0.3%

02 +0.6%

We need a 3.6% fall this month for 0% YoY.

Second biggest December fall of all time. Not too bad, I'll be happier when this feeds through to selling prices as the rightmove index is erratic at best.

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The new year should be a lot better

VAT changes

Unemployment set to rise

Newly created jobs resulting from the shift from public sector to private sector will not offer the same levels of employment protection/redundancy and other benefits

Increases in taxation

Reduction in Child benefit

Cuts in housing benefit

The surprising reluctance of banks to increase lending in a falling market

Increase checking of mortgage applications so all income has to be verified

With you on the top group but far from convinced about the bottom two.

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Well done on adding December to your title.

That hotairmail character has a lot to answer for IMO confusingly doing a November rightmove thread today.

What's the policy on HPC? Stocks and rotten fruit or a birching?

All hotairmail's capital must be invested in HBoS stocks. :P

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the YoY changes are semi-interesting, e.g..

All England & Wales +0.4%

North +4.2% ['best' performer]

East Anglia -6.2% [worst]

London +2.6%.

also interesting that sales are so low, 1 in 15 transactions a repo.

Edited by the flying pig

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the YoY changes are semi-interesting, e.g..

All England & Wales +0.4%

North +4.2% ['best' performer]

East Anglia -6.2% [worst]

London +2.6%.

Just confirms the madness of asking price rises in public sector dominated parts of the UK London aside.

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For 2011 they predict asking price falls of up to 5% mainly to the north of England and areas where unemployment is set to increase (i.e. high public sector employment). This prediction to me is very optimistic and incongruent with their data for the last 6 months, the across the board asking price falls they report this month and the whole list of factors they state will negatively impact on house prices in 2011.

They might as well have said keep calm and carry on :lol:

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For 2011 they predict asking price falls of up to 5% mainly to the north of England and areas where unemployment is set to increase (i.e. high public sector employment). This prediction to me is very optimistic and incongruent with their data for the last 6 months, the across the board asking price falls they report this month and the whole list of factors they state will negatively impact on house prices in 2011.

They might as well have said keep calm and carry on :lol:

At the end of the day they are only an online estate agent who make money from other estate agents. RM is a VI IMPO Nas much as any other seller, EA, mortgage lender is.

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Rightmove is a flawed survey but the trend is a reasonable forward indicator of sold prices.

I expect it will probably be flat or rebound a bit next month, but the trend is still down and the trend is my friend :) .

Edited by Constable

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  • 312 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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