Jump to content
House Price Crash Forum
Sign in to follow this  
Oliver Sutton

Nationwide +0,3%

Recommended Posts

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Nov_2014.pdf

The annual pace of house price growth continued to soften in November, falling from 9.0% in October to 8.5%, marking the third consecutive month where annual growth has moderated.

This is despite house prices increasing by 0.3% month on month in November.

Share this post


Link to post
Share on other sites

It's actually up £55. In fact, it's moved up £500 over the last five months, which has been presented as four MoM rises and one fall. I also believe this is a new nominal peak? It seems Nationwide's calculator is broken and incapable of handling minus figures...

Share this post


Link to post
Share on other sites

http://www.nationwide.co.uk/about/house-price-index/methodology#xtab:twistyitem1-what-data

'House price information is derived from Nationwide lending data for properties at the post survey approval stage.'

http://www.theguardian.com/business/2014/nov/25/nationwide-uk-mortgage-lending-falls

'Building society says net mortgage lending slumped by £2bn to £3.6bn in the six months to the end of September.'

?

Share this post


Link to post
Share on other sites

Al JaBeeba

The annual house price has been falling since June, when growth peaked at 11.4%. Now it's only 8.5% higher than this time last year. It's worth remembering that house price growth is coming off a low base as well. Property values (that's the average for the whole of the UK) only began to rise in the summer of 2013, as the effects of the Funding for Lending and Help to Buy schemes began to be felt.

Low base!!

Nice to see an admission that FLS and HTB were purely to boost prices...

Share this post


Link to post
Share on other sites

Struck me today that the Market was better than usual for the end of November...two really bad times for the market...running into Christmas and running into the summer holidays. If you are getting any sales at all and stock isn't starting to pile up then the Market is surviving...about 25% of stock sold around Nottingham, should be about 10% during this falling off a cliff period. Could be because we are still getting a bit of a ripple off the London boom, may not be the case for other areas which might be washed out further south or not even seen the ripple further north.

Edited by crashmonitor

Share this post


Link to post
Share on other sites

I'm amazed the nationwide figures haven't collapsed yet.

My personal conclusion, they must be up to their necks in it.

The year on year is falling. I think Nationwide mentioned it is a general slowdown being experienced across whole of country. Though there is Autumn statement next week so they would stay that!

I think even with a slowdown hpi can stay year on year positive for election. Some posters on here did some analysis on this.

Share this post


Link to post
Share on other sites

The year on year is falling. I think Nationwide mentioned it is a general slowdown being experienced across whole of country. Though there is Autumn statement next week so they would stay that!

I think even with a slowdown hpi can stay year on year positive for election. Some posters on here did some analysis on this.

Annual stats can add gloss to a falling trend, the Halifax annual stat in particular is like trying to turn around a super tanker, their moving average is actually effected by 14 month old data not even in the year concerned.

Share this post


Link to post
Share on other sites

Annual stats can add gloss to a falling trend, the Halifax annual stat in particular is like trying to turn around a super tanker, their moving average is actually effected by 14 month old data not even in the year concerned.

Yes this may explain why their rhetoric is different as they have spotted a slowdown in their internal data. The hpi report team are told to spin as it's just marketing ?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   211 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.