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InlikeFlynn

Land Registry July Hpi - Up 1.0%

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Not sure if this has been posted before: I've been on holiday for a few weeks.

Advance release of the Land Registry's house price index (HPI) figures for July from their Twitter feed:

"Our July HPI shows a monthly increase of 1%. Average house price in England and Wales is now £164,098. Full #HPI out 29 Aug"

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Not sure if this has been posted before: I've been on holiday for a few weeks.

Advance release of the Land Registry's house price index (HPI) figures for July from their Twitter feed:

"Our July HPI shows a monthly increase of 1%. Average house price in England and Wales is now £164,098. Full #HPI out 29 Aug"

Based on last month's figure it ought to be a 0.9% rise, FWIW:

The June 2013 data from House Price Index shows an annual price increase of 0.8 per cent which takes the average property value in England and Wales to £162,62

http://www.landregistry.gov.uk/public/house-prices-and-sales

Meh.

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"Our July HPI shows a monthly increase of 1%. Full #HPI out 29 Aug"

Let me guess: low volumes, average held up by funny money in London, and a few fat finger fiddles adding a zero to 7 figure sold prices.

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http://www.landregistry.gov.uk/__data/assets/pdf_file/0010/54001/HPIReport20130822.pdf

I missed the report but for all the spin the reality is sales volumes (page 12) have been stuck at around 52K a month for 38 months (even the London figures look dire). It would be interesting to know how many estate agents there are out there as my back of the fag packet calculations suggests there must have been literally thousands of EA's laid off across the country over the last 4/5 years.

edit: should also add there's also not much need for the associated financial services advice.

Edited by Ash4781

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