Pablo Posted June 13, 2017 Share Posted June 13, 2017 Rather surprised https://www.gov.uk/government/collections/uk-house-price-index-reports Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted June 13, 2017 Share Posted June 13, 2017 9 hours ago, ItalianV6 said: Rather surprised https://www.gov.uk/government/collections/uk-house-price-index-reports Not a surprise, house prices always go up as the housing market is the economy. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 13, 2017 Share Posted June 13, 2017 10 hours ago, ItalianV6 said: Rather surprised https://www.gov.uk/government/collections/uk-house-price-index-reports Holy gggg what is going on!!! Lots of sold round me in Northampton now...lots for a long time now too. Quote Link to comment Share on other sites More sharing options...
Society of fools Posted June 14, 2017 Share Posted June 14, 2017 Couldn't this simply be a true reflection of the prices received on low volumes transacted ? Take the model to the extreme, if only one house in the entire United Kingdom sold in the month, but that house went up in price by 10%, would it be recorded as a 10% increase in UK house prices ? Quote Link to comment Share on other sites More sharing options...
Blod Posted June 14, 2017 Share Posted June 14, 2017 This index is laggy and volatile. Keep your powder dry next months might be very bearish. Quote Link to comment Share on other sites More sharing options...
maverick73 Posted June 14, 2017 Share Posted June 14, 2017 39 minutes ago, Blod said: This index is laggy and volatile. Keep your powder dry next months might be very bearish. Indeed. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted June 14, 2017 Share Posted June 14, 2017 37 minutes ago, Blod said: This index is laggy and volatile. Keep your powder dry next months might be very bearish. The volumes are Feb'17 so agree very laggy. I am not sure where those BTL lot ramped up purchases (March ?) so that might distort the year on year volumes in next releases. Still even back in Feb'17volumes were very low in comparison to prior years. I imagine things have deteriorated now. Anecdotally I am seeing a few EA's shut branches and the odd few closing for business. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted June 14, 2017 Share Posted June 14, 2017 by the time we start to see sustained falls in the land reg, then we would already be quite far ahead with price falls. We already know that the last few months have seen a stagnant/slight fall in prices. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 14, 2017 Share Posted June 14, 2017 Same old excuses time and time again. They printed another £100Bn and lend it to any mug who would buy. If my guess is right, people are filling their boots on "cheap" northern pwopatees, which will see the index and sentiment continue to rise. This is a f**king sick joke now Quote Link to comment Share on other sites More sharing options...
koala_bear Posted June 14, 2017 Share Posted June 14, 2017 1 hour ago, jiltedjen said: by the time we start to see sustained falls in the land reg, then we would already be quite far ahead with price falls. We already know that the last few months have seen a stagnant/slight fall in prices. Yep time to dig out the old threads from 2008 onwards where we had the lag calculated. I seem to remember that LR lag was circa 5.5 to 6 months but transactions processed and indices may be calculated slightly quicker almost a decade on. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted June 14, 2017 Share Posted June 14, 2017 1 hour ago, TheCountOfNowhere said: Same old excuses time and time again. They printed another £100Bn and lend it to any mug who would buy. If my guess is right, people are filling their boots on "cheap" northern pwopatees, which will see the index and sentiment continue to rise. This is a f**king sick joke now +1 Term Funding Scheme has taken time to filter through - no doubt it will be extended in August. Latest Halifax release was up too. This is depressing after a couple of months where things were looking hopeful. Quote Link to comment Share on other sites More sharing options...
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