Jump to content
House Price Crash Forum
ItalianV6

Land Registry - May 2018 = -0.2%

Recommended Posts

There is greater optimism in the longer-term outlook, particularly for prices.  :rolleyes:

The lowest annual growth was in London, which recorded negative annual price growth for the second consecutive month at -0.7%, down from -0.1% in the previous month. :D

Share this post


Link to post
Share on other sites

New builds still 29% more expensive than old properties, cheers help to buy!

New build and existing resold property

Property Status Average price January 2018 Monthly change Annual change
New build £282,885 1.8% 5.3%
Existing resold property £220,600 -0.5% 4.4%

Share this post


Link to post
Share on other sites
15 minutes ago, Andy T said:

There is greater optimism in the longer-term outlook, particularly for prices.  :rolleyes:

The lowest annual growth was in London, which recorded negative annual price growth for the second consecutive month at -0.7%, down from -0.1% in the previous month. :D

Negative annual price growth.

You have to love the "anything but say fall/reduction/decline"

Share this post


Link to post
Share on other sites
32 minutes ago, ItalianV6 said:

https://www.gov.uk/government/publications/uk-house-price-index-summary-march-2018/uk-house-price-index-summary-march-2018

 

London is -0.9% MoM

South West is -0.3% MoM

In fact all areas (10 of the 12) apart from NI, 'East of England' are negative MoM

Oh bugger why us in the East?

Probably because we are the only nice place nearest the SE where you can still (despite falls) sell your flat and cash out to a house at the moment.

No doubt as previously we will be late to the party and do all our falling at once a year or so later.

Edited by Fromage Frais

Share this post


Link to post
Share on other sites
58 minutes ago, stop_the_craziness said:

Actual prices people, actual DEBT put in actual hands for actual houses.

In your face Rightmove!

corrected for accuracy😉

Share this post


Link to post
Share on other sites
15 minutes ago, inbruges said:

Not jumping for joy personally, but it is a start

Agreed - better than a rise but we're still seeing a YoY figure of 4%. When that goes negative (particularly on the LR data which is a lagging indicator) then I'll get excited.

Share this post


Link to post
Share on other sites

Great stuff, plus with the timelag in ONS figures once we get to April and the low GDP figures, the national figures will hopefully be following London's lead. Looking forward to some negative growth in the national annual figures for maximum psychological pain and a panic-mode Daily Mail.

Share this post


Link to post
Share on other sites

And Mark Carney's all over the money pages saying everyone's poorer because of brexit. You just know he's referring to house prices.

Share this post


Link to post
Share on other sites
Guest
46 minutes ago, Si1 said:

And Mark Carney's all over the money pages saying everyone's poorer because of brexit. You just know he's referring to house prices.

I was wondering where that came from, it's no effected me at all financially 

Share this post


Link to post
Share on other sites
40 minutes ago, inbruges said:

I was wondering where that came from, it's no effected me at all financially 

The Telegraph website had a breakdown of the crunched numbers, if anyone has access to the full article.

Share this post


Link to post
Share on other sites
4 hours ago, ItalianV6 said:

https://www.gov.uk/government/publications/uk-house-price-index-summary-march-2018/uk-house-price-index-summary-march-2018

 

London is -0.9% MoM

South West is -0.3% MoM

In fact all areas (10 of the 12) apart from NI, 'East of England' are negative MoM

Nice, bring this on. Wait a few months for the actual dent to appear.

Share this post


Link to post
Share on other sites
2 hours ago, Si1 said:

And Mark Carney's all over the money pages saying everyone's poorer because of brexit. You just know he's referring to house prices.

Everyone's poorer because of Mark Carney.

Share this post


Link to post
Share on other sites
4 hours ago, Sperm Donor said:

BBC now reporting it. Got to love this line from them:

The capital had the lowest annual growth, where prices decreased by 0.7%.

Price growth of minus 0.7%....

Reminds me of that Buffoon who started all this mess....

 

 

Edited by frankvw

Share this post


Link to post
Share on other sites
4 hours ago, Fretful Mother said:

Good news. I love the silly phrasing.

I hope my diet results in negative weight gain!

I'm going through a phase of negative weight loss at the mo.

Share this post


Link to post
Share on other sites
5 hours ago, Sperm Donor said:

BBC now reporting it. Got to love this line from them:

The capital had the lowest annual growth, where prices decreased by 0.7%.

Price growth of minus 0.7%....

House prices always go up...even when they don't!!!

This language is very telling of their mindset...you can't imagine them saying in 2015 'the capital had highest annual falls, where prices increased by x%'....there is no logical difference but the latter would never be seen.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

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.