Jump to content
House Price Crash Forum
Conquistador

Land Registry Jan 2017 +6.2%

Recommended Posts

5 minutes ago, rantnrave said:

Of significance. Rise is all down to newbuilds.

Existing resold property  £212,337  -0.1%

 

New builds that have had prices inflated by HTB 

 

Share this post


Link to post
Share on other sites

You are right. Newbuilds take all the price rise. Weirdly spiked in January probably due to the HTB change.

45 minutes ago, rantnrave said:

Of significance. Rise is all down to newbuilds.

Existing resold property  £212,337  -0.1%

 

58d100c442732_chart(1).thumb.png.77db15919a57a767a0c31945a85a77e7.png

http://hpc.soboru.co.uk/

Share this post


Link to post
Share on other sites
21 minutes ago, AvoidDebt said:

Average #London house price in January 2017 = £491,000:
124% higher than in 2004
57% higher than before Government's Help to Buy
#ukhousing https://t.co/RekqfvVGyX

£491,000? That shows how little must be selling at the top end. 

£491K doesn't get you much. 

Share this post


Link to post
Share on other sites
31 minutes ago, AvoidDebt said:

Average #London house price in January 2017 = £491,000:
124% higher than in 2004
57% higher than before Government's Help to Buy
#ukhousing https://t.co/RekqfvVGyX

HTB an utter cluster ****** of a policy that has made builders richer and buyers poorer 

Share this post


Link to post
Share on other sites
1 hour ago, hi5lo5 said:

Forecast was 6.4%.

Will the BoE increase IR?

No. They don't  target house prices. But you can bet if prices started to fall they'd rushing to prop the market up claiming they were only doing it to protect the banks. That is despite claiming those very banks are now fully capitalised and could withstand a drop in house prices of thirty to forty percent.

Share this post


Link to post
Share on other sites
3 hours ago, Nabby81 said:

New builds that have had prices inflated by HTB 

 

New builds is also where the foreign cash lands.. 

Is it just all one big government sponsored HTB blowout and hot cash cleaning scheme? Nothing would surprise me, still scratch my head wondering who buys at these prices. 

Share this post


Link to post
Share on other sites
19 hours ago, AvoidDebt said:

Who buys a house in London? 

how much htb helps in putting a floor in the volume decline?

I'm not sure about London and commuter areas   but where i am (Maidstone) developers are converting offices near the station above the Weatherspoons into flats. I've seen this in other towns and I think part of it is the difficulty for purchasers in London means they have had to move out to other areas (Maidstone is a long, poor commute). Still it could be worse it could be on Southern Rail!

 

Share this post


Link to post
Share on other sites
32 minutes ago, Patient London FTB said:

New peak for London FTB prices at £429,666 in Land Reg figures. Former peak was £427,685 in Aug 2016. 

Term Funding Scheme introduced on August 4th, 2016.

240_F_92678016_Rv96lIk2lYmSiIRu0pB2ncNa3

Share this post


Link to post
Share on other sites
10 hours ago, Patient London FTB said:

New peak for London FTB prices at £429,666 in Land Reg figures. Former peak was £427,685 in Aug 2016. 

Christ. And the average price for London as a whole is only £491,000. FTBers are doing their bit keeping things going.

Any idea of affordable property in London is dead. To think that an average wage once used to be enough to buy property... Now seems like fantasy. 

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

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   90 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    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.