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November Land Registry -0.6%

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The volumes of sales per price band makes interesting reading. (p13 of the report)

The £50k - 250k band are all down on volumes.

Yet all price bands above £250k have higher volumes.

This will have a huge skewing effect and make the size of the drop look a little less awful.

edit: just noticed these volumes are for Sept

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trebles all round!

Yippee!

But still the VIs desperately try to talk up, look at the Yahoo Finance Home page:

"House prices rise 2.2 percent in November "

Eh?

That attributes the annual rise to November and is just complete bollux.

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There will be a singing in the valleys......well in my little part :o

Before too long people will be buying a house in Merthyr just, well, because its a more

useful way to spend £30k than a new car. :lol:

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And yet the I can't see this anywhere on the Beeb @ 11:45. Still headlining with the landlord arrested on suspicion of murdering one of his tenants.

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Before too long people will be buying a house in Merthyr just, well, because its a more

useful way to spend £30k than a new car. :lol:

You can already get houses for less than £30k in some parts of the valleys.

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For those who think things will be different this time/prices will stagnate/we won't see nominal falls (delete as appropriate):

According to the LR, the first peak was November 2007 (£183,261) - within 3 months, prices had only dropped 0.1% (the proper falls began June 2008).

Again, according to the LR, the second peak was August 2010 (£167,289) - within 3 months, prices have dropped 1.4%

Have to say, the forecasts for 5-10% drops next year are looking more bullish by the day :D

Edited by NEO72

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House prices rise 2.2 percent in November

Headline courtesy of Reuters I believe - another cesspit of journalism.

That would be shockingly inaccurate. I just checked and the headline now says:

House prices up 2.2 percent year-on-year in November

Have they altered it?

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You can already get houses for less than £30k in some parts of the valleys.

Can't think of a sweeter end to 2010 than reading that.

-0.6% mom annualised is a 7% annual drop + 4%RPI = 11% real terms.

And these are conservative figures.

Happy days everybody.

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Property Week have an interesting take on it.

House prices fell by half a percent in November compared with the previous month, according to the latest data from the Land Registry.

The Land Registry’s November House Price Index shows that although house prices in 2010 overall were up 2.2% on last year, they dropped by 0.6% last month.

The figures reveal that, in keeping with current trends, London has outperformed the rest of the UK, with an increase in monthly values of 0.4%. Meanwhile, property values in London were up 6.8% on 2011.

The most up-to-date statistics available show that the number of completed house sales was down 6% year-on-year in September. However, the number of properties sold for over £1m increased by 24% during the same period.

So London property prices today are 6.8% higher than they will be in 2011, sounds good :P

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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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