Pent Up Posted May 4, 2011 Share Posted May 4, 2011 -1.1% mom -2.3% yoy http://www.landregistry.gov.uk/ Quote Link to comment Share on other sites More sharing options...
Constable Posted May 4, 2011 Share Posted May 4, 2011 (edited) wahoo. PDF Edited May 4, 2011 by Constable Quote Link to comment Share on other sites More sharing options...
rantnrave Posted May 4, 2011 Share Posted May 4, 2011 -1.1% mom -2.3% yoy http://www.landregistry.gov.uk/ Darn - beat me to it by 30 seconds. They got the data out early it seems. Still, first MoM fall of greater than 1%. That's much more like it and backs up what a lot of us have been reporting from the ground. Looks like the Land Reg is rapidly becoming the only index that can be trusted. No spring in the housing market's step then! Quote Link to comment Share on other sites More sharing options...
Pent Up Posted May 4, 2011 Author Share Posted May 4, 2011 Darn - beat me to it by 30 seconds. They got the data out early it seems. Still, first MoM fall of greater than 1%. That's much more like it and backs up what a lot of us have been reporting from the ground. Looks like the Land Reg is rapidly becoming the only index that can be trusted. No spring in the housing market's step then! Yeah it was up 4 mins early. Are you a bit happier now then RR? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted May 4, 2011 Share Posted May 4, 2011 Prices down across the country. Terraced and flats down 3% in a month. This is massive news. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted May 4, 2011 Share Posted May 4, 2011 Yeah it was up 4 mins early. Are you a bit happier now then RR? This data has just driven a lawnmower across the flowers that Nationwide was carefully rearranging. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted May 4, 2011 Share Posted May 4, 2011 Yeah it was up 4 mins early. Are you a bit happier now then RR? Still gutted that you got the first post though. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted May 4, 2011 Author Share Posted May 4, 2011 (edited) Prices down across the country. Terraced and flats down 3% in a month. This is massive news. It's year on year... Semis and detached would need to be up massively to offset it if it was month on month! Edited May 4, 2011 by Pent Up Quote Link to comment Share on other sites More sharing options...
exiges Posted May 4, 2011 Share Posted May 4, 2011 Now that is good news. Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted May 4, 2011 Share Posted May 4, 2011 Quote Link to comment Share on other sites More sharing options...
leicestersq Posted May 4, 2011 Share Posted May 4, 2011 This does appear to be good news. A slight drop for the year as well. I wonder how the Housing Benefit changes will affect this. Can someone remind me if they did go ahead and impose the cap on payments after all? I havent seen anything in the press about children on the streets or anything like that recently. Quote Link to comment Share on other sites More sharing options...
pezo Posted May 4, 2011 Share Posted May 4, 2011 Yet unexpectidly the BBC is running a story on the Nationwides figures being "static" when the fact is the Nationwide figures are down 0.2%. Guarentied if this was plus 0.2% the heading would be "house prices up". Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted May 4, 2011 Share Posted May 4, 2011 The YOY figure for the North East makes interesting reading. Brilliant! Quote Link to comment Share on other sites More sharing options...
rantnrave Posted May 4, 2011 Share Posted May 4, 2011 Yet unexpectidly the BBC is running a story on the Nationwides figures being "static" when the fact is the Nationwide figures are down 0.2%. Guarentied if this was plus 0.2% the heading would be "house prices up". The EAT site have out done them, saying prices edged up 0.2%. Unlike EAs to try and turn something negative into a positive... Quote Link to comment Share on other sites More sharing options...
rantnrave Posted May 4, 2011 Share Posted May 4, 2011 It's year on year... Semis and detached would need to be up massively to offset it if it was month on month! Oops - getting ahead of myself there. Quote Link to comment Share on other sites More sharing options...
WageslaveX14 Posted May 4, 2011 Share Posted May 4, 2011 Nice. London is clearly immune, due to high-spending oligarchs, middle-eastern dictators getting their money out of their crumbling regimes, and other assorted money launderers and bandit asset strippers. Oh, hang-on; even that bunch of ne'er do-wells don't seem to be able to prop up a stupendous bubble which has been 15 years in the making. Yes, I have had too much coffee this morning. Quote Link to comment Share on other sites More sharing options...
Van Posted May 4, 2011 Share Posted May 4, 2011 Land Reg figures are catching up nicely with NW/HF now. Quote Link to comment Share on other sites More sharing options...
Mugwump Boy Posted May 4, 2011 Share Posted May 4, 2011 Very happy in terms of the big picture, less so personally - Shropshire up 1.5% MOM, 0% YOY Now that's static for you... Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted May 4, 2011 Share Posted May 4, 2011 Land Reg figures are catching up nicely with NW/HF now. And aren't the Land Registry figures more accurate too? NW/HF only include mortgage-purchases, whilst LR includes cash buyers too? Quote Link to comment Share on other sites More sharing options...
Riedquat Posted May 4, 2011 Share Posted May 4, 2011 (edited) Saw the thread title and cheered, then saw the figure for the NW. Drat. That said, for the exact district I live in (Stockport) it is down -0.9 MoM, and has finally gone YoY negative, so I've cheered up again. Edit: And the size of the fall is bigger than my rent, which is better still. Renting certainly isn't wasted money right now! Edited May 4, 2011 by Riedquat Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted May 4, 2011 Share Posted May 4, 2011 Very happy in terms of the big picture, less so personally - Shropshire up 1.5% MOM, 0% YOY Now that's static for you... the problem with Shropshire is the Ironbridge, with the price of metals going up it naturally inflates the value of the whole town Quote Link to comment Share on other sites More sharing options...
Realistbear Posted May 4, 2011 Share Posted May 4, 2011 There will be no more dops in house prices after................ ......they reach the point at which they are in a reasonable relationship to peoples abuility to buy them with reasonable levels of indebtedness. That said, when the correction has finished its work prices usually drop below traditional norms before rallying. They have about another 20-40% down to go depending on area. Good news for the nation as a whole. But lets hope the pattern gets broken this time or its back to boom and bust down the road. Quote Link to comment Share on other sites More sharing options...
E14 Posted May 4, 2011 Share Posted May 4, 2011 Newham 0% and Tower Hamlets +0.2%. I'll take that in the current climate Quote Link to comment Share on other sites More sharing options...
DaisyB Posted May 4, 2011 Share Posted May 4, 2011 Not much longer before the NE regional average goes below £100K. IMHO when this happens people will start to wake up to the fact that prices can, do and must go down Quote Link to comment Share on other sites More sharing options...
pezo Posted May 4, 2011 Share Posted May 4, 2011 As Nationwide and other lenders are lending less as seen by the number of mortgages & consumer credit in general being taken out going down, the Nationwide is becoming more and more insignificant in terms of the whole picture they see and report on. How much does the Nationwide lend out for mortgage purchases? About 15% of the Mortgage Lending! Then there are the cash buyers and properties increasingly going to auction and I wouldnt be surprised if the Nationwide figures accounted for more than 5-10% of the total number of properties purchased in the UK. So why does the media focus on reports from someone who accounts for 5-10% of UK property purchases? Because the figures are what some people want to hear. Quote Link to comment Share on other sites More sharing options...
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