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Halifax April -3.1% m/m (merged topics)

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5 minutes ago, LetsBuild said:

Anyone know how April ‘18 can be just a couple hundred quid higher than last April but the percentage is 2.2%?

I think they use 3m to April compared to 3m to April last year.

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Massively siginifcant given that this is 'peak season'.

What's going o be interesting is when the hoards of amateur speculators - sorry, 'investors' - who should never have been given BTL mortgage finance in the first place (ie about 75% of them because in reality they don't have two pennies to rub together) panic over negative equity and rush for the exits...to find there's no-one to buy their 'investments' off them.

Time at that point to renegotiate rent - downwards.

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2 minutes ago, stuckmojo said:

What's the biggest negative number ever? this must be not far off it for a spring release

There was a -3.6% a few years back IIRC

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You can always rely on the BBC to avoid the elephant in the room

House price growth slows further

House price growth slowed in the three months to April, according to Halifax bank.

It found prices were 2.2% higher than a year earlier, down from the 2.7% annual growth recorded in March.

On a quarter-on-quarter basis, prices were 0.1% lower than in the preceding three months - the third consecutive decline by this measure

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1 minute ago, rantnrave said:

There was a -3.6% a few years back IIRC

Yes there was a big " I was there when the crash started" thread. Sadly it turned out to be a bear trap. Fingers crossed this time it will gain some momentum.

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Wonder how bad the pRICS survey on Thursday will be... EA sentiment at all time low?😂😂😂

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29 minutes ago, LetsBuild said:

Anyone know how April ‘18 can be just a couple hundred quid higher than last April but the percentage is 2.2%?

I wondered that.

Looks like they're doing the percentages off the Index, rather than the Standardised Average Price.  

Volumes down, prices down, interest rate rises on the horizon.  Wonder what rabbit they'll pull out of the hat next.

 

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I've seen too many false dawns over the last couple of years to get too excited by a single month's falls - but it's better than a rise and looking at last year's figurtes we'd only need a couple more months of slight falls or even stagnant data for the YoY figure to go negative and if that happens we might start to see some headlines / sentiment starting to shift.

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  • 301 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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