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Land Registry Figures For August

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Having read the usual media fluff about the various HPI's out there I note that the Land Registry figures came out yesterday and appear to tell a fairly different story. + 0.1 August and + 1.3% YOY. This is markedly different from the +5% or more YOY that all the headlines seem to show (e.g. Nationwide).

So what do people think? I know some of you will point to the shortcomings of the index but it seems to be based on far more grounded statistics (actual sold prices) than the others. So why no coverage? Is it just not sexy enough?

If you take out London, whole of England and Wales and even the SE have at best flat or falling house prices when measured v inflation.

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Do the Land Reg issue a press release too?

No - hence no easy "cut and paste" for our journalist friends. This is the reason the index attracts little attention compared with the Halifax and Nationwide.

An old friend of mine worked in financial PR and was horrified at how easily he could get journalists to print his copy in full.

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It runs a couple of months behind IIRC so we will have to wait and see if the current rises in the Haliwide are confirmed through the LR or not.

True, but the LR figures are for August when there was a lot of ramping going on. Also of note, that the most recent Right Ramp figures actually showed falling asking figures in London, which they laughed off as a summer holiday blip preferring to triple growth forecasts instead.

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