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rantnrave

Land Reg May 2017 (data for March) -0.6% MoM

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Just now, rantnrave said:

Let me guess:

 

1) Last months revised down

2) London going through the floor

3) Shires going through the roof.

 

Judging by the number of price drops I am seeing round Northants 3) is about to follow 2.)

 

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  • London saw the most significant monthly price fall with a movement of -1.5%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:lol: :lol: :lol: :lol: :lol: :lol: 

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Mpt a bad guess:

 

  • East Midlands and the East of England experienced the greatest increase in average property price over the last 12 months, each with a movement of 6.7%
  • London saw the most significant monthly price fall with a movement of -1.5%

 

I can only imagine investors have been piling into the East midlands, no on in their right mind would be paying the asking prices to live in some of the s**t I am seeing listed.

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  • the number of completed house sales in England fell by 16.6% to 50,790 compared with 60,923 in January 2016
  • the number of completed house sales in Wales fell by 2.3% to 2,762 compared with 2,828 in January 2016
  • the number of completed house sales in London fell by 26.3% to 5,968 compared with 8,093 in January 2016

 

The perfect storm is coming.

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6 minutes ago, rantnrave said:

Says it all

Annual price change for England and London over the past 5 years

Annual_price_change_for_England_and_Lond
 

It's like an extreme version of Browns insane bubble

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I've updated http://hpc.soboru.co.uk/ to grab the new Land Registry data.

London's annual change is just about to back to 2011. Sales volume has been already as low as 2011. Sold price is falling. I can't wait to see the next month's graph.

591abd7c5e72c_chart(3).thumb.png.7e3cd3e9e4fb3a41a2ea814b2c2df146.png

 

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2 minutes ago, ASBEAR said:

I've updated http://hpc.soboru.co.uk/ to grab the new Land Registry data.

London's annual change is just about to back to 2011. Sales volume has been already as low as 2011. Sold price is falling. I can't wait to see the next month's graph.

591abd7c5e72c_chart(3).thumb.png.7e3cd3e9e4fb3a41a2ea814b2c2df146.png

 

This data is of course for March, so looking in the rearview mirror already...

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Sometimes it's great to be wrong.

I was predicting on another thread that the LR stats would be positive as they lag the Nationwide and Halifax indices.

How wrong I was - Hurrah.

Over the next few months we need more of these falls

Edited by InlikeFlynn
Spewling

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Excellent news. Together with this morning's inflation data, the BoE, BTLers and holders of junk mortgages are all in a pickle.

Interesting timing just before a general election too.

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8 minutes ago, ASBEAR said:

I've updated http://hpc.soboru.co.uk/ to grab the new Land Registry data.

London's annual change is just about to back to 2011. Sales volume has been already as low as 2011. Sold price is falling. I can't wait to see the next month's graph.

591abd7c5e72c_chart(3).thumb.png.7e3cd3e9e4fb3a41a2ea814b2c2df146.png

 

It is clear Brexit has stopped the party but the prices are virtually flat since then. We need the purple line to dive.  

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3 minutes ago, darkmarket said:

Excellent news. Together with this morning's inflation data, the BoE, BTLers and holders of junk mortgages are all in a pickle.

Interesting timing just before a general election too.

The Election is well timed...it's 20 days away, too soon for any effects top be felt and any decisions made to support whatever policys the government takes.

 

It'll either be more theft/low IRs and money printing after June, or the bankers being thrown to the lions, IRs going up and a house prices halving.

 

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1 minute ago, slawek said:

It is clear Brexit has stopped the party but the prices are virtually flat since then. We need the purple line to dive.  

It looks flat but it has actually fallen considering the inflation. But I want to see REAL fall soon!

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1 minute ago, ASBEAR said:

It looks flat but it has actually fallen considering the inflation. But I want to see REAL fall soon!

 

5 minutes ago, slawek said:

It is clear Brexit has stopped the party but the prices are virtually flat since then. We need the purple line to dive.  

The prices followed the salves volume up.

 

Do you have the graph before 2010 to see what happened before that when volumes collapsed ?

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3 minutes ago, TheCountOfNowhere said:

 

The prices followed the salves volume up.

 

Do you have the graph before 2010 to see what happened before that when volumes collapsed ?

I've just created one for you. You can create the chart here http://hpc.soboru.co.uk/

591ac3aeb1719_chart(5)_opt(2).png.aea480e0117b656ff489f24bad606c59.png

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