Jump to content
House Price Crash Forum
Sign in to follow this  
rantnrave

Dclg November Figures

Recommended Posts

YoY growth down from 5.5% to 4%.

(copy & paste)

The key points from the release are:

  • In November UK house prices increased by 4.0 per cent over the year but were slightly lower over the month (-0.1 per cent, seasonally adjusted).
  • The average mix-adjusted UK house price was £208,585 (not seasonally adjusted).
  • Average house prices were 0.6 per cent lower over the quarter to November, compared to a quarterly increase of 0.9 per cent over the quarter to August (seasonally adjusted).
  • Average prices increased during the year in England (4.7 per cent) and in Wales (3.0 per cent) but were lower in Northern Ireland (-11.3 per cent) and in Scotland (-2.4 per cent).
  • Prices paid by first time buyers were 2.4 per cent higher on average than a year earlier whilst prices paid by former owner occupiers increased by 4.6 per cent.
  • Prices for new properties were 8.9 per cent higher on average than a year earlier whilst prices for pre-owned dwellings increased by 3.7 per cent.

Share this post


Link to post
Share on other sites

YoY growth down from 5.5% to 4%.

(copy & paste)

The key points from the release are:

  • In November UK house prices increased by 4.0 per cent over the year but were slightly lower over the month (-0.1 per cent, seasonally adjusted).
  • The average mix-adjusted UK house price was £208,585 (not seasonally adjusted).
  • Average house prices were 0.6 per cent lower over the quarter to November, compared to a quarterly increase of 0.9 per cent over the quarter to August (seasonally adjusted).
  • Average prices increased during the year in England (4.7 per cent) and in Wales (3.0 per cent) but were lower in Northern Ireland (-11.3 per cent) and in Scotland (-2.4 per cent).
  • Prices paid by first time buyers were 2.4 per cent higher on average than a year earlier whilst prices paid by former owner occupiers increased by 4.6 per cent.
  • Prices for new properties were 8.9 per cent higher on average than a year earlier whilst prices for pre-owned dwellings increased by 3.7 per cent.

Bears no resemblance to my local market conditions (prosperous SE--East Sussex--Brighton area). I posted several examples from Zoopla yesterday where houses in my range are dropping 10-12% since November.

The tiny fractional drops of 0.1% are to placate the market IMO. They can't say prices are going UP because no one would believe them so they agree that they are dropping, but not enough to panic.

Edited by Realistbear

Share this post


Link to post
Share on other sites

Bears no resemblance to my local market conditions (prosperous SE--East Sussex--Brighton area). I posted several examples from Zoopla yesterday where houses in my range are dropping 10-12% since November.

The tiny fractional drops of 0.1% are to placate the market IMO. They can't say prices are going UP because no one would believe them so they agree that they are dropping, but not enough to panic.

Does your reasoning apply to the Northern Ireland and Scotland were prices dropped or is is selective ?

Share this post


Link to post
Share on other sites

Does your reasoning apply to the Northern Ireland and Scotland were prices dropped or is is selective ?

As i said in my post--in my area which is the prosperous SE--East Sussex--Brighton area.

I am only tracking houses locally with a view to buying when the crash is in full swing. -10-12% since November for several of the properties I am watching with more to come soon. I hope. :D

Share this post


Link to post
Share on other sites
Prices paid by first time buyers were 2.4 per cent higher on average than a year earlier whilst prices paid by former owner occupiers increased by 4.6 per cent.

Which emphasises further how selling between "owners" is keeping the market afloat.

Edited by exiges

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...
Sign in to follow this  

  • 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.