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bear.getting.old

Land registry figures vs Halifax

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"As of April 2018 the average house price in the UK is £226,906, and the index stands at 119.01. Property prices have risen by 1.2% compared to the previous month, and risen by 3.9% compared to the previous year."

Picking out a few locations:

April - London £484,584 up from £473,169 in March

April - Milton Keynes £273,310 up from £262,926 in March

 

Land registry is very different from Halifax figures! Who to believe?

   

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19 minutes ago, bear.getting.old said:

"As of April 2018 the average house price in the UK is £226,906, and the index stands at 119.01. Property prices have risen by 1.2% compared to the previous month, and risen by 3.9% compared to the previous year."

which index was this, Hali or LanReg?

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As i understand it the land registry is whole of market except reposessions and aome other type of sale, and it lags by 3 months... so Junes report is of March/April months.

Halifax/Nationwide is only a reprosentation of their customers new mortgages amd values by their surveyors for the previous month, and at the time of press it lack 100% of the data. They always revise the previous months figures and its seasonally adjusted. 

So in short none of the scales are accurate, and can be biased due to many factors

Edited by Monkey

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2 hours ago, bear.getting.old said:

"As of April 2018 the average house price in the UK is £226,906, and the index stands at 119.01. Property prices have risen by 1.2% compared to the previous month, and risen by 3.9% compared to the previous year."

Picking out a few locations:

April - London £484,584 up from £473,169 in March

April - Milton Keynes £273,310 up from £262,926 in March

 

Land registry is very different from Halifax figures! Who to believe?

   

We are dealing with statistics here.

The average number is only indicative for the magnitude and the trend, provided the methodology remains consistent. There is no absolute truth about an average house price, because an average house is a fictional construction for the analysis point of view.

So to answer your question both and neither

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3 hours ago, Monkey said:

As i understand it the land registry is whole of market except reposessions and aome other type of sale, and it lags by 3 months... so Junes report is of March/April months.

 

That is 'sale completed' prices, which represent  'offer accepted' prices of maybe 3 months before that, so probably Dec/Jan. 

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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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