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Discustard

UK.GOV house price data for December 2018

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Price of flats fell in England last year, says Land Registry

https://www.bbc.co.uk/news/business-47223988

Quote

 

Buying a flat or maisonette in England is cheaper than a year ago, according to official figures, with the cost of semi-detached homes rising fastest.

First-time buyers have been buying later in life and a number of buy-to-let investors have pulled out of the market owing to tax changes.

 

 

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1 hour ago, Discustard said:

This was released this morning, not seen it anywhere.

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

Month-on-month for Dec was +0.2%

Annual rate at +2.5%

Both heading in the right direction.

Well I just bought a house SW London Listed £425 last April, offered £365 accepted.. 

Nothing is selling unless the seller is willing to take a lower offer.. one house we looked at sold twice, both occasions the buyer had to pull out as they could not get the money they needed.. 

so how do they go up? 

Wheres the buyers at higher prices coming from? 

Edited by macca13

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18 minutes ago, macca13 said:

Well I just bought a house SW London Listed £425 last April, offered £365 accepted.. 

Nothing is selling unless the seller is willing to take a lower offer.. one house we looked at sold twice, both occasions the buyer had to pull out as they could not get the money they needed.. 

so how do they go up? 

Wheres the buyers at higher prices coming from? 

According to the December data London is +0.1% on the month, -0.6% on the year.

Not quite the ~15% drop as with your initial asking price to sale price but still a drop.

Don't know why it shows any rise at all between Nov & Dec but I don't really trust any of these indexes anyway.

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3 hours ago, macca13 said:

Well I just bought a house SW London Listed £425 last April, offered £365 accepted.. 

Nothing is selling unless the seller is willing to take a lower offer.. one house we looked at sold twice, both occasions the buyer had to pull out as they could not get the money they needed.. 

so how do they go up? 

Wheres the buyers at higher prices coming from? 

Any where near pre htb prices ??

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4 hours ago, macca13 said:

Well I just bought a house SW London Listed £425 last April, offered £365 accepted.. 

Nothing is selling unless the seller is willing to take a lower offer.. one house we looked at sold twice, both occasions the buyer had to pull out as they could not get the money they needed.. 

so how do they go up? 

Wheres the buyers at higher prices coming from? 

Could I ask which area in SW London?

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3 hours ago, Discustard said:

According to the December data London is +0.1% on the month, -0.6% on the year.

Not quite the ~15% drop as with your initial asking price to sale price but still a drop.

Don't know why it shows any rise at all between Nov & Dec but I don't really trust any of these indexes anyway.

It can only be help to sell.. loads of houses I looked at been around for quite a while.. End help to sell and massive drops would show up very quickly 

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Just now, warrior88 said:

Could I ask which area in SW London?

Staines upon Thames 

Just used to be Staines but added “upon thames” to make it sound posh after Ali G took the Micky.. init 

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With new builds you can never know what the real selling price is. They intentional keep this opaque so buyers can't go look what equivalents on the estate sold for. They do this by varying the amount of 'free extras'

The last year or so they have been keeping the prices up but throwing in a lot more freebies, if you take this out prices are down at least a few percent

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