Si1 Posted April 21, 2011 Share Posted April 21, 2011 http://www.lloydsbankinggroup.com/media1/research/regional_house_price_map_page.asp crash-speed falls YoY: Greater London Annual Change: -5.6% East Anglia Annual Change: -5.7% The East Midlands Annual Change: -2.3% The West Midlands Annual Change: -5.3% ------------------------ more or less flat: Wales Annual Change: +0.1% The South West Annual Change: -1.0% The South East Annual Change: +0.2% Quote Link to comment Share on other sites More sharing options...
Caveat Mortgagor Posted April 21, 2011 Share Posted April 21, 2011 West Mids -5.3 YoY of which -2.5% QoQ Suggests to me that the pace of the fall is picking up! Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted April 21, 2011 Share Posted April 21, 2011 The North Std Price: £114,069 Quarterly Change: -9.8% Annual Change: -13.1% Brilliant! Quote Link to comment Share on other sites More sharing options...
Si1 Posted April 21, 2011 Author Share Posted April 21, 2011 The North Std Price: £114,069 Quarterly Change: -9.8% Annual Change: -13.1% Brilliant! Holy Smoley! Quote Link to comment Share on other sites More sharing options...
rantnrave Posted April 21, 2011 Share Posted April 21, 2011 Interested to see how the MSM (don't) cover this one... Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 21, 2011 Share Posted April 21, 2011 Maidstone +8%. Quote Link to comment Share on other sites More sharing options...
Lagarde's Drift Posted April 21, 2011 Share Posted April 21, 2011 (edited) Maidstone +8%. And yes, I'll be looking on the Beeb website to see what is said (or not). Edit: Don't worry TMT, your time will come! Edited April 21, 2011 by Cash with Nowhere to Go Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted April 21, 2011 Share Posted April 21, 2011 Scotland +7.1% for the quarter....... what on Earth!? ccc, you reading this!? Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 21, 2011 Share Posted April 21, 2011 Wales +1% there must be some where doing very well in wales as from my neck of the woods [ SE wales] its going down big time The land of TMT ? Quote Link to comment Share on other sites More sharing options...
MinceBalls Posted April 21, 2011 Share Posted April 21, 2011 But London is immune surely? http://www.lloydsbankinggroup.com/media1/research/regional_house_price_map_page.asp crash-speed falls YoY: Greater London Annual Change: -5.6% East Anglia Annual Change: -5.7% The East Midlands Annual Change: -2.3% The West Midlands Annual Change: -5.3% ------------------------ more or less flat: Wales Annual Change: +0.1% The South West Annual Change: -1.0% The South East Annual Change: +0.2% Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 21, 2011 Share Posted April 21, 2011 haliwide index based on their own mortgage approvals.quite simply,if it's tanking,tehn they don't lend on it,ergo,it won't have gone down. having said that,the northern figures are like trying to hide a bloodbath with a bloodbath. gadzooks...........check out northern ireland qoq -17.4% tin foil hats on,heads down,bank balance sheet impairments and consequential constriction of mortgage lending inbound. I think price to wage ratio of some of the more expensive parts of wales have got to be some of the biggest in the country. And like you say the banks are not lending so transaction levels are very small which are scewing the number`s I See Wales as a land in limbo as only the equity rich can afford to move and it those that are scewing the number`s ,there is definitely a two terr market at the moment the bottom is going down rapidly [ BTL is bailing out /repoed] but the top end is still trading in la la land and the middle is in limbo with nowhere to go as the bottom have not got the equity to move up and the middle cant drop to allow the bottom to buy as they will not have the equity to move to the top Straws and a drowning man comes to mind Quote Link to comment Share on other sites More sharing options...
pezo Posted April 21, 2011 Share Posted April 21, 2011 I think price to wage ratio of some of the more expensive parts of wales have got to be some of the biggest in the country. And like you say the banks are not lending so transaction levels are very small which are scewing the number`s I See Wales as a land in limbo as only the equity rich can afford to move and it those that are scewing the number`s ,there is definitely a two terr market at the moment the bottom is going down rapidly [ BTL is bailing out /repoed] but the top end is still trading in la la land and the middle is in limbo with nowhere to go as the bottom have not got the equity to move up and the middle cant drop to allow the bottom to buy as they will not have the equity to move to the top Straws and a drowning man comes to mind This is what I am seeing as well, I’m hoping that the middle market will start to drop soon which should have a massive effect on the lower end. Quote Link to comment Share on other sites More sharing options...
WageslaveX14 Posted April 21, 2011 Share Posted April 21, 2011 I can't help thinking these stats are a bit dodgy. The Scotland figures (up 7.1% QoQ) seem odd, and the London figure seems to go against all the other indices. The fact that NI is down 17% QoQ but down by [forget the exact percentage, but by single figures] annually just seems wrong. I would like to believe the stats, but I don't. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted April 21, 2011 Share Posted April 21, 2011 Greater London showing -5.6%, North West -1.6%. So much for the BBC hype and propaganda about la la land (London) "booming." I assume the outer boroughs are dragging the rest down. No mention at all from the BBC who are cross, because the retail figures were good. Quote Link to comment Share on other sites More sharing options...
Constable Posted April 21, 2011 Share Posted April 21, 2011 There's way too much noise in these figures to be taken seriously, probably due to the ever decreasing sample size. IMHO, although they lag significantly, the Land Reg figures are the only ones to trust. Rightmove is flawed, but is still a reasonable sentiment guide. Quote Link to comment Share on other sites More sharing options...
onesmallstep Posted April 21, 2011 Share Posted April 21, 2011 I can't help thinking these stats are a bit dodgy. The Scotland figures (up 7.1% QoQ) seem odd, and the London figure seems to go against all the other indices. The fact that NI is down 17% QoQ but down by [forget the exact percentage, but by single figures] annually just seems wrong. I would like to believe the stats, but I don't. the yoy can be lower than the qoq if the following quarters a year ago saw rises, this indicates that the coming quarters will show much bigger yoy drops even if the qoq drops aren't spectacular. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted April 21, 2011 Share Posted April 21, 2011 There's way too much noise in these figures to be taken seriously, probably due to the ever decreasing sample size. IMHO, although they lag significantly, the Land Reg figures are the only ones to trust. Rightmove is flawed, but is still a reasonable sentiment guide. I don't think they are much better. If you buy a wreck for 200k, spend 200k on it and sell it for 400k, it will appear in the LR as having doubled in price. In these days of low volumes, these sort of houses will skew the figures as well. Quote Link to comment Share on other sites More sharing options...
winkie Posted April 21, 2011 Share Posted April 21, 2011 But London is immune surely? Nothing is immune.......falls will come allover the place, just where and to what extent.....it will come to even the best of us....what goes up must come down, this is not all bad just a healthy re-balance, good for the economy, good for the future and will bring with it a better and healthier real re-set of growth our children can benefit from. Quote Link to comment Share on other sites More sharing options...
MinceBalls Posted April 21, 2011 Share Posted April 21, 2011 (edited) Nothing is immune.......falls will come allover the place, just where and to what extent.....it will come to even the best of us....what goes up must come down, this is not all bad just a healthy re-balance, good for the economy, good for the future and will bring with it a better and healthier real re-set of growth our children can benefit from. Well yes, that's what I said Edited April 21, 2011 by MinceBalls Quote Link to comment Share on other sites More sharing options...
WageslaveX14 Posted April 21, 2011 Share Posted April 21, 2011 the yoy can be lower than the qoq if the following quarters a year ago saw rises, this indicates that the coming quarters will show much bigger yoy drops even if the qoq drops aren't spectacular. I appreciate that, but the NI figures in particular just don't look believable. For a 17% QoQ drop paired with a 6% YoY drop, there would have had to be an 11%-ish bounce in NI at some point in the last year. I would be very surprised if this had happened. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 21, 2011 Share Posted April 21, 2011 This is what I am seeing as well, I’m hoping that the middle market will start to drop soon which should have a massive effect on the lower end. The trouble is the top has got to drop for the middle to have somewhere to go but the bottom will carry on dropping and sooner or later the rest will follow and the longer it stays the way it is the quicker they will fall when the time comes I can see by the right move search area I do that there have been a maximum of 27 house`s sold in a month since September and that between 10 EA`s if you include two postcodes you are only looking at 35 transactions between 14 EA I'm drawing the conclusion that the writing is on the wall for them as I see more going into the letting game and advertising we are desperately seeking landlord`s so they will be soon cutting each other`s tthroats on the fees for the BTL game You can now smell the fear Quote Link to comment Share on other sites More sharing options...
rantnrave Posted April 21, 2011 Share Posted April 21, 2011 I don't think they are much better. If you buy a wreck for 200k, spend 200k on it and sell it for 400k, it will appear in the LR as having doubled in price. In these days of low volumes, these sort of houses will skew the figures as well. Agreed, but why do discussions about small transaction numbers skewing the figures only seem to apply to them rising? Shirley low volumes could also give an artificially low MoM figure? Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted April 21, 2011 Share Posted April 21, 2011 I do searches over a pretty wide area out of interest (although am only really considering Bedford +15 miles) and id say re: east anglia Norfolk and north Suffolk have noticeably dropped, South Suffolk and Essex stood still, Northamptonshire maybe up slightly. Anything near Cambridge no matter how sh1tty seems to fly off the shelves. Quote Link to comment Share on other sites More sharing options...
ccc Posted April 21, 2011 Share Posted April 21, 2011 Scotland +7.1% for the quarter....... what on Earth!? ccc, you reading this!? And annual chaneg is -6.3% Who knows. Probably based on a sample of 3 flats on Govan for all we know. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 21, 2011 Share Posted April 21, 2011 I do searches over a pretty wide area out of interest (although am only really considering Bedford +15 miles) and id say re: east anglia Norfolk and north Suffolk have noticeably dropped, South Suffolk and Essex stood still, Northamptonshire maybe up slightly. Anything near Cambridge no matter how sh1tty seems to fly off the shelves. I keep an eye on Northants, NN1 + 15 miles. Last year was definitely a good year to sell. This year there's a few going SSTC but plenty coming back on the market, asking prices are a joke, but I'm seeing a massive amount of price reductions at the moment. I've seen a couple of houses in the last week that almost look desirable and affordable come on the market. Quote Link to comment Share on other sites More sharing options...
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