whome_yesyou Posted August 21, 2017 Share Posted August 21, 2017 1 hour ago, BelfastVI said: 2017 Q2 NIRPPI.pdf Thanks for that @BelfastVI. Looking at the graph, it does look like they keep the same trend historically. However more recently, looking at the graph from 2015 Q1 the trend is differing between the two results; UU shows that prices are stagnating and now on a downward trajectory, while NIRPPI appears to be climbing in that same timeframe - I find that really odd. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted August 21, 2017 Share Posted August 21, 2017 13 minutes ago, whome_yesyou said: Thanks for that @BelfastVI. Looking at the graph, it does look like they keep the same trend historically. However more recently, looking at the graph from 2015 Q1 the trend is differing between the two results; UU shows that prices are stagnating and now on a downward trajectory, while NIRPPI appears to be climbing in that same timeframe - I find that really odd. From Q1 2015 to now both reports show an overall increase albeit at different rates. The UUJ is more erratic ie in Q1 2015 the UUJ shows a -7% in the quarter only to reverse this with a +8% in Q3 of that year and followed that two quarters later with a -6%. I don't believe prices swung in that fashion and the NIHPI, which captures actual sales shows it didn't. I am not trying to argue one over the other. The NIRPPI shows pretty well what has happened up to now (enen though I nit pick on the data it includes) but the UUJ may well be correct in predicting what is going to happen next. I wouldn't be surprised if the next quarter reports are reversed. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted October 19, 2017 Share Posted October 19, 2017 Average house price in Northern Ireland up 4.4 per cent to £129,000, figures show Irish News 18th Oct 2017 Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted October 19, 2017 Author Share Posted October 19, 2017 Can we link to the actual report rather than a newspaper referencing the report. Quote Link to comment Share on other sites More sharing options...
ravedave Posted October 25, 2017 Share Posted October 25, 2017 I think it is this one: https://www.gov.uk/government/collections/uk-house-price-index-reports Looks like it is using the data reported in the August NIRPPI. So, is that approx 2% above inflation? Quote Link to comment Share on other sites More sharing options...
whome_yesyou Posted October 26, 2017 Share Posted October 26, 2017 I’m a bit confused, the next NIRPPI is realased on 15th November. Is this just a rehash of what was released from the last NIRPPI report, which was released a couple months ago? Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted November 1, 2017 Share Posted November 1, 2017 On 26/10/2017 at 9:45 AM, whome_yesyou said: I’m a bit confused, the next NIRPPI is realased on 15th November. Is this just a rehash of what was released from the last NIRPPI report, which was released a couple months ago? Yes I believe it is the same figures. Only benefit is they show a comparison with the other regions of the Uk whilst using the same model so we should be comparing apples with apples. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted November 1, 2017 Author Share Posted November 1, 2017 13 minutes ago, BelfastVI said: Yes I believe it is the same figures. Only benefit is they show a comparison with the other regions of the Uk whilst using the same model so we should be comparing apples with apples. The monthly change for NI is a guess. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted November 2, 2017 Share Posted November 2, 2017 22 hours ago, 2buyornot2buy said: The monthly change for NI is a guess. The Irish News article appears to be quoting the NIRPPI figure of 4.4% pa. I don't see monthly change figures for NI in the article. Quote Link to comment Share on other sites More sharing options...
bear.getting.old Posted November 11, 2017 Share Posted November 11, 2017 Hi chaps due to personal circumstances and having friends in Ireland I was considering selling my pitiful house in the UK mainland and moving to NI. What are your thoughts on brexit in that do you think it will effect NI prices in upward or downward direction? My view is that London and the South East is due a huge correction but it remains to be seen if NI will get caught up in this again like in 2007. Like all of us here I'd like to time the market but maybe my personal circumstances will dictate I will need to buy anyway. I was thinking about Eniskillen. Quote Link to comment Share on other sites More sharing options...
Venger Posted November 12, 2017 Share Posted November 12, 2017 (edited) 14 hours ago, bear.getting.old said: Hi chaps due to personal circumstances and having friends in Ireland I was considering selling my pitiful house in the UK mainland and moving to NI. What are your thoughts on brexit in that do you think it will effect NI prices in upward or downward direction? My view is that London and the South East is due a huge correction but it remains to be seen if NI will get caught up in this again like in 2007. Like all of us here I'd like to time the market but maybe my personal circumstances will dictate I will need to buy anyway. I was thinking about Eniskillen. You're all over the place about this in 269 posts. Although I enjoyed the post where you were returning from somewhere and the guy you sat next to was one of the best people you'd ever spoken to, and then you found out he was a highly involved BTLer - and not all bad eh. On 10/01/2017 at 8:04 PM, bear.getting.old said: Me too. I nearly caved in and bought in 2010. It went against my principles, houses still hadn't properly crashed and we were in a recession. Like 2003 when I thought about moving to a bigger house with a job move I didn't. I sold it. 2 big mistakes. I still won't buy into this madness. Which is why I bought in Ireland instead. They had a proper 50% crash. I still live here while I'm working here at least. On 08/12/2016 at 12:02 AM, bear.getting.old said: That was me, in 2003. I have been awaiting the crash ever since although I did nearly buy in 2010. I am fed up of waiting and also want to live my life. Although I have bought in Ireland as I can't bring myself to pay the inflated UK prices. I'm still annoyed though as I wouldn't have done that if we had got the required crash here. On 08/06/2016 at 9:51 PM, bear.getting.old said: This HPC or lack of it has defined my life since 2001 when I realised the market was going insane. High house prices was part of the reason my ex and I split up. She wanted us to buy a house in St Albans which is like the worst place in the SE for high prices. I refused. I don't want the same issue with anyone else and I know it will crop up again. So single. Its shaped my future, even today I refuse to pay these stupid prices. Maybe I'm wrong to change my life all because of these prices but its what I have done. I've bought a house in Ireland, at least the housing prices are not an issue there although in Dublin they are to the locals. At least there is a bank lending cap so things don't go out of control again. The weather is crap in the winter so I don't blame people looking in Spain. ........ On 16/11/2015 at 10:38 PM, bear.getting.old said: ......... I finally bought a house but not in this country, and didn't borrow any money. That's what the housing bubble has done to me, 15 years of scrimping and saving abeing derided over my views and can't bring myself to buy into the insanity of the SE bubble! Even loost a few relationships over my refusal to buy a house. High house prices are ruining lives. On 17/05/2015 at 1:05 AM, bear.getting.old said: Well I'm buying, just not in the UK. So I suppose I gave up in the UK. No work there though but its my plan B when my job goes tits up. I'll have a mortgage free house do I can do any old job and not worry. On 28/04/2015 at 7:56 PM, bear.getting.old said: Perhaps its time to give up and buy a house in cheapest Yorkshire and let it out. If you can't beat them.... On 28/04/2015 at 8:38 PM, TheCountOfNowhere said: Maybe it's time sad lowly paid hair gelled 2nd hand house sales men with too much time on their hands fecked off. Edited November 12, 2017 by Venger Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted November 12, 2017 Author Share Posted November 12, 2017 Busted Quote Link to comment Share on other sites More sharing options...
Thorn Posted November 13, 2017 Share Posted November 13, 2017 Nobody moves from London to near the border. Not a great cover story for this lad to be sure. Except soldiers in their sangars- and they have bunks in barracks. Busted! Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted November 14, 2017 Share Posted November 14, 2017 Q3 2017 NIRPPI Report NIRPPI Link Standardised Price £132k Quarterly Change +3% Annual Change +6% No of Sales: -9% compared with Q3 2016 -4% Compared with first 3 quarters of 2016 From first look this report is heavily swayed by a large quarterly change in newbuild prices (+18%), whilst newbuild only makes up 14% of the market the change is enough to increase the an margin from 4% to 6%. This 18% jump in newbuild prices can only be considered as a blip and likely to reverse itself or correct itself in the next report. Quote Link to comment Share on other sites More sharing options...
whome_yesyou Posted January 4, 2018 Share Posted January 4, 2018 Nationwide House Price Index - Dec 2017 https://www.nationwide.co.uk/-/media/MainSite/documents/about/house-price-index/2017/Dec_Q4_2017.pdf Nations – annual & quarterly price change Nation: N Ireland Average Price (Q4 2017): £131,989 Annual % change this quarter: 2.0% Quarterly % change*: -0.1% * Seasonally adjusted Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted February 13, 2018 Share Posted February 13, 2018 Q4 2017 NIRPPI Report Link Quarterly Change +1% Annual Change +4.3% Quote Link to comment Share on other sites More sharing options...
whome_yesyou Posted February 14, 2018 Share Posted February 14, 2018 23 hours ago, BelfastVI said: Q4 2017 NIRPPI Report Link Quarterly Change +1% Annual Change +4.3% What is everyone’s thoughts on this report, and the outlook ahead? Things have obviously slowed, but I’m wondering if we are moving towards stagnation or a mere percent or two rise annually in the future... As an aside, looks like some surprising percentage rises in the sticks, according to that report. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted February 14, 2018 Author Share Posted February 14, 2018 7 minutes ago, whome_yesyou said: What is everyone’s thoughts on this report, and the outlook ahead? Things have obviously slowed, but I’m wondering if we are moving towards stagnation or a mere percent or two rise annually in the future... As an aside, looks like some surprising percentage rises in the sticks, according to that report. The sticks dropped more. The percentage rises will be bigger. Transaction numbers will Also play a part. Also explains why Derry looks to have increased so much. It's moving from a lower base. Quote Link to comment Share on other sites More sharing options...
whome_yesyou Posted March 29, 2018 Share Posted March 29, 2018 Nationwide March 2018 It’s showing NI as the strongest performer... what is that all about? Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted March 30, 2018 Share Posted March 30, 2018 On 3/29/2018 at 8:39 AM, whome_yesyou said: Nationwide March 2018 It’s showing NI as the strongest performer... what is that all about? The Nationwide has such a low market share in NI that their report is rarely reflective of the whole market here. Also they change their offerings so one quarter they might be seeking to attract mortgage movers (generally further up the property ladder) and the next quarter go with products/promotions targeting the FTBuyer. This too can influence the data pool. In any event I think the headline is triggered more by a cooling in the UK market rather than a increase in prices in NI. Quote Link to comment Share on other sites More sharing options...
whome_yesyou Posted May 10, 2018 Share Posted May 10, 2018 What’s the thoughts on the latest RICS report? https://www.rics.org/Global/4._WEB_ April_2018_RICS_UK_Residential_Market_Survey_tp.pdf Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted May 23, 2018 Share Posted May 23, 2018 Q1 2018 NIRPPI Report Link Quarterly Change +0.3% Annual Change +4.2% Quote Link to comment Share on other sites More sharing options...
whome_yesyou Posted May 23, 2018 Share Posted May 23, 2018 3 hours ago, BelfastVI said: Q1 2018 NIRPPI Report Link Quarterly Change +0.3% Annual Change +4.2% Number of sales is the lowest since 2013. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted May 24, 2018 Share Posted May 24, 2018 (edited) On 23/05/2018 at 13:13, whome_yesyou said: Number of sales is the lowest since 2013. You could be right but you have to be careful when looking at the most recent quarter count. For example in the previous report Q4 2017 it listed the Number of Verified Sales as 5,501 for Q4 2017. You will see in this most recent report that figure has been revised up to 6,312. We will have to wait to the next report to get a more accurate reading on the trend in sales volume for Q1 2018. Whilst Solicitors are to make their returns and registrations within 30 days of the transaction completion date some are late. What we can say is that 2017, with almost 24,000 verified sales is the highest since 2007 (remember that year). We also can see that 2017 achieved over twice the number of sales as any of the years 2008 to 2011. Edited May 24, 2018 by BelfastVI Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted August 15, 2018 Share Posted August 15, 2018 Q2 2018 NIRPPI REPORT Link Quarter Change -1% Annual Change +4.4% Number of Sales 5,308 Quote Link to comment Share on other sites More sharing options...
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