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warrior88

LSL ACADATA HPI for December - Greater London -4.1% y-o-y

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The London heat maps are starting to look interesting:

November 2017 (taken from the December 2017 report, published 15 January 2018)

Picture1.thumb.jpg.4e7bc9aa76c8990b1b7a63a724fbe841.jpg

December 2017 (taken from the January 2018 report, published 12 February 2018)

image.thumb.png.57466a47baa8e286906d547603284201.png

 

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They provide the data in an interactive Excel spreadsheet. Unfortunately they've set the minimum y-axis on the HPI chart as zero so it currently looks like this in their spreadsheet:

image.png.8917be956ad80657f6f7f6978067c43b.png

Now, let's fix that...

image.png.10edff4f575ffeb5eec5f8fce7411814.png

 

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Greater London's been on wild ride these last few years.

image.png.9c03a46763482e258be6deac8087596a.png

Two events near that recent peak in London HPI. The higher rate of Stamp Duty for additional residential properties came in 1 April 2016 and the government launched 40% London Help to Buy equity loans on 1 February 2016.

 

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11 minutes ago, Beary McBearface said:

Greater London's been on wild ride these last few years.

image.png.9c03a46763482e258be6deac8087596a.png

Two events near that recent peak in London HPI. The higher rate of Stamp Duty for additional residential properties came in 1 April 2016 and the government launched 40% London Help to Buy equity loans on 1 February 2016.

 

So, this decade, annual house price growth in London has only been in negative territory once before - one month only in mid 2011 at about -0.2%. That really puts the current picture into perspective...

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....only a natural correction.......how does someone put a value on something.....goes up because more people want, need and value it??????........what if a sufficient number change their views and no longer want, need or value it?????......does something still continue to become more valuable?;)

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1 hour ago, Beary McBearface said:

They provide the data in an interactive Excel spreadsheet. Unfortunately they've set the minimum y-axis on the HPI chart as zero so it currently looks like this in their spreadsheet:

image.png.8917be956ad80657f6f7f6978067c43b.png

Now, let's fix that...

image.png.10edff4f575ffeb5eec5f8fce7411814.png

 

:lol:

This is my kind of graph. Hopefully this approach will be widely adopted as prices fall.

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1 hour ago, Beary McBearface said:

They provide the data in an interactive Excel spreadsheet. Unfortunately they've set the minimum y-axis on the HPI chart as zero so it currently looks like this in their spreadsheet:

image.png.8917be956ad80657f6f7f6978067c43b.png

Now, let's fix that...

image.png.10edff4f575ffeb5eec5f8fce7411814.png

 

Thankfully it's showing as the second graph in the pdf report (page 3)

http://www.acadata.co.uk/LSL Acadata E&W HPI News Release January 18.pdf

Edited by Barnsey

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24 minutes ago, Barnsey said:

Thankfully it's showing as the second graph in the pdf report (page 3)

http://www.acadata.co.uk/LSL Acadata E&W HPI News Release January 18.pdf

I just thought it was amusing that they hadn't noticed that the graph in the spreadsheet they had supplied needed adjusting now the HPI was negative. It seemed to capture the extent to which price falls have become unimaginable. Just a piece of whimsy really.

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8 minutes ago, Beary McBearface said:

I just thought it was amusing that they hadn't noticed that the graph in the spreadsheet they had supplied needed adjusting now the HPI was negative. It seemed to capture the extent to which price falls have become unimaginable. Just a piece of whimsy really.

someone at some point in time set that y axis minimum value to zero. if it was left on the default auto setting it'd rescale to encorporate it.

 

whimsical yet absolutely fundamental to the integrity of the whole houses only ever go up because supply and demand innit bruv paradigm

 

 

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4 minutes ago, thewig said:

someone at some point in time set that y axis minimum value to zero. if it was left on the default auto setting it'd rescale to encorporate it.

Exactly. It was clocking that which amused me. The axes on the monthly chart are on the default auto setting.

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......there is accessible opportunity for growth in many new places fewer had access to in the past, all over the world today.....more opportunities to earn a living in one place whilst living in another......quality of life v ability to grow, new far reaching opportunities and personal positive progress. ;)

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6 hours ago, Beary McBearface said:

The London heat maps are starting to look interesting:

November 2017 (taken from the December 2017 report, published 15 January 2018)

Picture1.thumb.jpg.4e7bc9aa76c8990b1b7a63a724fbe841.jpg

December 2017 (taken from the January 2018 report, published 12 February 2018)

image.thumb.png.57466a47baa8e286906d547603284201.png

 

Some of those losses in SW Londinium are really quite stunning.Anyone local know why?

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11 minutes ago, Sancho Panza said:

Some of those losses in SW Londinium are really quite stunning.Anyone local know why?

1) Massive number of new build flats.

2) Evaporation of flat sales meaning people can't trade up. Flat sales in Wandsworth down 70%. See graph at bottom: http://www.home.co.uk/guides/house_prices_report.htm?location=wandsworth&startmonth=11&startyear=2013&endmonth=11&endyear=2017

3) Pricing that is out of all proportion to wages for what is generally pretty poor quality houses in often pretty dubious areas. People with extremely high paying jobs wouldn't have dreamed of looking in these areas 10 years ago and yet you now need to be on joint income of £200k+ to pick up a standard 3 bed terrace...

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  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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