Realistbear Posted March 11, 2011 Share Posted March 11, 2011 (edited) http://www.bloomberg.com/news/2011-03-11/u-k-house-prices-rise-0-3-on-pent-up-demand-acadametrics-says.html U.K. House Prices Rise 0.3% as Pent-Up Demand Offsets Mortgage Restraints .K. house prices rose in February as “pent-up demand” supported values and countered mortgage- lending constraints, research company Acadametrics Ltd. and LSL Property Services Plc said. The average price of a home in England and Wales rose 0.3 percent from January to 222,456 pounds ($357,300), the groups said in a report in London today. From a year earlier, values fell 0.5 percent, the first annual decline since October 2009.../ The number of transactions rose about 5 percent to 41,200 in February, Acadametrics said. That’s the second-weakest February since 1995, when Land Registry data began, and is about 61 percent of the average monthly sales transactions over the last 16 years. Pure rollox, of course. Edited March 11, 2011 by Realistbear Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted March 11, 2011 Share Posted March 11, 2011 Who? Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted March 11, 2011 Share Posted March 11, 2011 The housing market is now so FUBAR that it feels like we have a paper housing market running alongside the real one goosing up the prices. The alternative is we have a country full of fools paying over the odds, best not to speak of that though as it tends to upset people. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted March 11, 2011 Share Posted March 11, 2011 Academetrics '********' index time once again! Lowest transaction since 1995? Surely they could have not mentioned that? Because that is seriously bad. Quote Link to comment Share on other sites More sharing options...
Timm Posted March 11, 2011 Share Posted March 11, 2011 So the stong rises of early 2010 have been wiped out and early 2011 saw a small upwards blip? Sounds about right to me. Quote Link to comment Share on other sites More sharing options...
Unsafe As Houses Posted March 11, 2011 Share Posted March 11, 2011 (edited) Full report: http://www.acadametrics.co.uk/LSL%20Acad%20HPI%20News%20Release%20February%2011.pdf I think they've amended their figure for Jan from -0.1% to +0.2% too. Anyways there's some charts in there that will cheer us up. Edited March 11, 2011 by Unsafe As Houses Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted March 11, 2011 Share Posted March 11, 2011 In case anyone is unaware, they own these estate agencies... http://www.lslps.co.uk/ Quote Link to comment Share on other sites More sharing options...
Pent Up Posted March 11, 2011 Share Posted March 11, 2011 In case anyone is unaware, they own these estate agencies... http://www.lslps.co.uk/ Also remember that the latest figure is always a guess Quote Link to comment Share on other sites More sharing options...
koala_bear Posted March 11, 2011 Share Posted March 11, 2011 “For January, we reported that four regions were recording price falls on both a 3 monthly and annual basis. In February, there were seven regions where this was the case – the North, North West, Yorkshire and Humberside, East and West Midlands, East Anglia and Wales. Only Greater London, the South East and the South West are now showing annual price increases. There is a sense here of a gathering momentum around a falling annual index; however fluctuations around zero % are likely to become the norm for most of the regions as the effect of strong growth recorded in early 2010 drops out of the figures. Any further prognosis must be on the downside." Over the last year, we have seen prices increase by 5% in Greater London with the average property now costing £385,386. At this level the current price comfortably exceeds the highest price experienced during the previous property boom in 2007/08 of £375,857, which was recorded in February 2008, just prior to the slide in London house prices from March 2008 to April 2009. Quote Link to comment Share on other sites More sharing options...
koala_bear Posted March 11, 2011 Share Posted March 11, 2011 In Camden prices are soaring at an annual rate of 12 % That 12% could of course just be due to the flats above St Pancras being finished and transacted... Quote Link to comment Share on other sites More sharing options...
Realistbear Posted March 11, 2011 Author Share Posted March 11, 2011 Academagictrix must feel like proper nanas now after this mornings batch of good crash news (Mortage lending down a whopping 39%) . I bet even the most jaded EA is embarassed with their own data. Quote Link to comment Share on other sites More sharing options...
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