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warrior88

ONS Land registry figures out for April today

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Extract:

On a regional basis, London continued to be the region with the highest average house price at £485,000, followed by the South East and the East of England, which stood at £325,000 and £286,000 respectively. The lowest average price continued to be in the North East at £130,000.

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Its quite interesting.

I am seeing falls in flat prices throughout zone 1/2. House prices currently deflating only in zone 1 not much impact in zone 2 but it would be interesting how it plays out.

 

 

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

Not what I was expecting, not at all the sense I have from a fairly broad overview across the main UK cities. Most Rightmove London listings now are reductions. Word of mouth is absolutely out of the bag, as seen on facebook, mumsnet and moneysavingexpert. I'll take this with a big pinch of salt and bearing in mind the long delay implicit in their methodology.

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Damn, I was expecting a fall. I think we could end up seeing a larger than expected disparity between these figures and the Halifax/Nationwide ones. Round my way the only stuff selling seems to be the top end properties, and I presume a lot of them are cash buyers.

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2 minutes ago, TheCountOfNowhere said:

Funniest thing i've ever read.

Word of mouth is part of irrational exuberance on the way up and down, and social media is perfect for sentiment analysis.

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13 minutes ago, darkmarket said:

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

Not what I was expecting, not at all the sense I have from a fairly broad overview across the main UK cities. Most Rightmove London listings now are reductions. Word of mouth is absolutely out of the bag, as seen on facebook, mumsnet and moneysavingexpert. I'll take this with a big pinch of salt and bearing in mind the long delay implicit in their methodology.

When given conflicting information 1. Anecdotally prices are down 2. Land Registry says prices are up, which will sellers want/choose to believe?

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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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