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Nationwide HPI April 2019...?

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IIRC figures are usually released in the last few days of the month; however today is the last day of April and they're not out yet.

Does anyone have a link to a summary of the release dates for this info please, if there is one?

I'm sure they'll be along soon anyway, so we might as well treat this as the usual monthly prediction thread. I'm hoping for accelerated losses in the SE and perhaps a bit of a fall in annual growth from last month's 0.7%, but I don't expect it to go negative yet..

 

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Nah, they're not out that quickly. More like 10th to 15th of May for the next set of numbers.

Edited by Ghostly

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4 hours ago, evictee said:

I've just finished updating https://houseprices.io/ with March's sales if anyone's interested.

Fantastic tool and for several years I've been seeing the same in the areas I follow in the North West and North East. Yet another month with a paltry number of transactions and hardly anything selling above £150k which is understandable taking wages in these areas into account.  Most property listed for sale (but not selling) is on for 200k+

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Whatever direction, these Indexes by huge V.I.’s can be found next to Harry Potter.  It is unsurprising that The Great Unwashed has welcomed them.

 

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7 minutes ago, btd1981 said:

0.4 doesn't seem very strong?

Not really, especially if its a seasonally adjusted spring bounce.... seems quite flat

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1 minute ago, rantnrave said:

Last peak was now set nine months ago

I don;t care what they set 9 months ago...if we are talking SE and London....as Bill & Ted would say " Totally Bogus Dude"

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18 hours ago, evictee said:

I've just finished updating https://houseprices.io/ with March's sales if anyone's interested.

Thanks your site was invaluable in my recent purchase really allows you to see what the current value is a weed out the chuff. It does also show transactions are in the floor too.

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19 hours ago, evictee said:

I've just finished updating https://houseprices.io/ with March's sales if anyone's interested.

Thanks, that really useful.

4 hours ago, LetsBuild said:

+0.4% MoM

+0.9% YoY

I've been looking at a few houses around here (SE) recently and it's a mixed market. All the asking price falls have been on less desirable / 'froth of the market' type homes whereas the more desirable areas have either held or in some cases even sold for more. For example, one place near me was on for £315k, which was reasonable given the lack of drive / parking & amount of work needed (looked like it hadn't been updated since the 1970's) but it recently sold for £342.5k, which seems astonishing.

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2 hours ago, LandOfConfusion said:

Thanks, that really useful.

I've been looking at a few houses around here (SE) recently and it's a mixed market. All the asking price falls have been on less desirable / 'froth of the market' type homes whereas the more desirable areas have either held or in some cases even sold for more. For example, one place near me was on for £315k, which was reasonable given the lack of drive / parking & amount of work needed (looked like it hadn't been updated since the 1970's) but it recently sold for £342.5k, which seems astonishing.

i'm sure and chances are existing equity is financing that.....there will always be these anomalies.....as the market totters......the peak is most definitely someway behind...us outside of more intervention..the trajectory is serious correcton territory.....where we are now i liken to the phoney war from in 1939.....its going to kick off in a major fashion just a question of when !

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1 hour ago, Spindler said:

i'm sure and chances are existing equity is financing that.....there will always be these anomalies

You're probably right; I live in a commuter town and if you're desperate enough...

TBH though I think this is the 'peak' - I'm not seeing a lot of price action either way just mostly flat. From where I'm standing it looks like the constraint on prices going higher is interest rates while the constraints on prices falling is lack of supply coupled with... interest rates. I can get a 10-year fix for circa. 2.5% and today I found out you can get a 5-year fix for just 2%. With that sort of surety of rate and term prices will inevitably reach a peak and just stay there.

Quote

its going to kick off in a major fashion just a question of when !

To me it's only a question of what. I don't read the Sun but one of their, er, 'articles' came up on Google News and the headline was interesting enough so I had a look. Although it was pure newbuild property price pumping masquerading as 'advice' it did reveal one interesting titbit: the couple featured had taken on approximately £260k in debt and brought their newbuild with just a £12k deposit. They had so little money left that they ended up buying their furniture by maxing out with £2k in credit card debt!

That is one hell of a coiled spring and if typical would lead to devastating consequences for both the housing market and banking sector, should IR's rise. That equates to a lot of pressure, both political and economic for the current trend to continue and it will take something pretty major for that to be overcome. But what?

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  • 292 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% +
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