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Digsby

Land Registry Hpi Report - Out Now

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Oh dear:

North East 		6.2%	3.7%	£102,061Wales 			4.4%	5.4%	£123,941West Midlands 		2.2% 	5.0%	£138,982East 			0.9% 	10.5%	£202,394Yorkshire & The Humber 	0.7% 	2.8%	£121,454London 			0.6% 	13.1%	£463,872South East 		0.3% 	9.0%	£242,469East Midlands 		0.3% 	4.4%	£134,032South West 		-0.4% 	5.1%	£186,124North West 		-1.7% 	0.7%	£111,259

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https://www.gov.uk/government/news/february-2015-market-trend-data

The February data shows an annual price increase of 6.5 per cent which takes the average property value in England and Wales to £180,252 compared with the peak of £181,083 in November 2007. House prices are up 0.5 per cent since January.

The regional data indicates that:

  • London experienced the greatest increase in its average property value over the last 12 months with a movement of 13.1 per cent
  • North East experienced the greatest monthly rise with a movement of 6.2 per cent
  • North West saw the lowest annual price growth with a movement of 0.7 per cent
  • North West also saw the largest monthly price fall of 1.7 per cent


Sales and repossessions during December 2014, the most up-to-date figures available, show that:

  • the number of completed house sales in England & Wales decreased by 11 per cent to 70,470 compared with 79,569 in December 2013
    • the number of properties sold in England and Wales for over £1 million decreased by 4 per cent to 929 from 967 a year earlier
    • repossessions in England and Wales decreased by 38 per cent to 654 compared with 1,062 in December 2013
    • London was the region with the greatest fall in repossession sales

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Oh dear:

North East 		6.2%	3.7%	£102,061Wales 			4.4%	5.4%	£123,941West Midlands 		2.2% 	5.0%	£138,982East 			0.9% 	10.5%	£202,394Yorkshire & The Humber 	0.7% 	2.8%	£121,454London 			0.6% 	13.1%	£463,872South East 		0.3% 	9.0%	£242,469East Midlands 		0.3% 	4.4%	£134,032South West 		-0.4% 	5.1%	£186,124North West 		-1.7% 	0.7%	£111,259

linky perchance?

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Is there anywhere you can find out the amount of properties for sale for £1 million plus.Just had a play on RM,but couldn't do it.

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Sales and repossessions during December 2014, the most up-to-date figures available, show that:

  • We have a Zombie Housing Market.
  • The Illusion of a booming economy is a Politician's raison d'être.
  • Help to Buy has worked for the Bastards.

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Year to date now:

Date 		Index 	Monthly	YearlyMarch 2014 	272.04	-0.1	6April 2014 	275.52	1.3	6.6May 2014 	276.64	0.4	6.9June 2014 	277.71	0.4	7.1July 2014 	283.19	2	7.7August 2014 	285.63	0.9	8.4September 2014 	285.6	0	7.5October 2014 	284.67	-0.3	7.4November 2014 	284.62	0	7.3December 2014 	285.42	0.3	6.7January 2015 	288.54	1.1	6.5February 2015 	290.12	0.5	6.5

Last months was previously 1.3%, revised down to 1.1%. If it had not been revised down, this month would have been -0.1%

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They say more then 10% annual change where I live. That sounds about right although they've underestimated the average house price by about 20k.

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Anyone got any insight into how the repeat sales regression model really works?

How hard is it for this index to turn around if we assume that properties sell on average every 5-7 years? The same property sold last year might sell for less this year, but it may not return to the market for many years but an identical house next door might sell for less than last years price but more than it's sold price 6 years ago = prices still rising on repeat sales of the same houses.

LR claim repeat sales is the best model, but is it not obviously the case that (hedonic, I think it's called) model is better because it looks at similar properties (not the exact same property).

Any insight?

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Sales and repossessions during December 2014, the most up-to-date figures available, show that:

  • We have a Zombie Housing Market.
  • The Illusion of a booming economy is a Politician's raison d'être.
  • Help to Buy in conjunction with FLS and a world full of f**kwits has worked for the Bastards.

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Year to date now:

Date 		Index 	Monthly	YearlyMarch 2014 	272.04	-0.1	6April 2014 	275.52	1.3	6.6May 2014 	276.64	0.4	6.9June 2014 	277.71	0.4	7.1July 2014 	283.19	2	7.7August 2014 	285.63	0.9	8.4September 2014 	285.6	0	7.5October 2014 	284.67	-0.3	7.4November 2014 	284.62	0	7.3December 2014 	285.42	0.3	6.7January 2015 	288.54	1.1	6.5February 2015 	290.12	0.5	6.5

Last months was previously 1.3%, revised down to 1.1%. If it had not been revised down, this month would have been -0.1%

They seem to do a lot of revising down :rolleyes:

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So it looks like the free market tories will have managed to have manipulated a massive market, the most expenisve one you and I will ever take part in, so that it is looking rosy come election time.

Fraud squad anyone ?

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Full horror now available to explore at houseprices.io.

That's a really useful link. Thanks!

06/10/2004 £224,000

31/08/2010 £224,000 :lol:

And that's after they spent £££'s vandalising the inside redecorating to their own unique personal 'taste'.

08/08/2001 £135,000

22/02/2007 £215,000 Sounds about right. :(

Edited by LandOfConfusion

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Sales and repossessions during December 2014, the most up-to-date figures available, show that:

  • We have a Zombie Housing Market.
  • The Illusion of a booming economy is a Politician's raison d'être.
  • Help to Buy has worked for the Bastards.

There is caution in interpreting the near current sales volumes due to the reasons mentioned in the report (lag/incomplete data). London is currently showing very year on year poor sales volumes numbers.

Repo's are trending to downwards towards zero?

Edited by Ash4781

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