IMupNorth Posted February 8, 2006 Share Posted February 8, 2006 http://www.landregistry.gov.uk/about_us/pr...article_id=8262 Well, there you go ......... I suppose thats what you bears would call a crash then !! Its what the real world calls a rise though - prices up and worst of all volumes rocketing ahead. Quote Link to comment Share on other sites More sharing options...
El_Pirata Posted February 8, 2006 Share Posted February 8, 2006 http://www.landregistry.gov.uk/about_us/pr...article_id=8262 Well, there you go ......... I suppose thats what you bears would call a crash then !! Its what the real world calls a rise though - prices up and worst of all volumes rocketing ahead. Yep looks like that interest rate cut in August really gave the market a kick. If the next move is up though, which looks increasingly likely, the psychological impact will be devastating. Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted February 8, 2006 Share Posted February 8, 2006 (edited) An annual increase of 4.60 per cent compared to an annual increase of 11.82 per cent for the same period last year. That's a decent slowdown, it becomes more emphasized as the YoY figures roll on, I think the leap in volumes is indicative of the bounce and double-top seen in previous crashes (a nice sawtooth), once the current batch of buyers are exhausted will they attract every more people at increasing prices. Prices are set on the margins of course and the media has done a good job of suckering people in. How many bought in anticipation of SIPPS? EDIT: Ouch, look at that table, the South and the Midlands are lagging, whilst the North is still insane, the ripple effect in action. Edited February 8, 2006 by BuyingBear Quote Link to comment Share on other sites More sharing options...
OLDFTB Posted February 8, 2006 Share Posted February 8, 2006 (edited) BBC have an article on this as well: http://news.bbc.co.uk/1/hi/business/4689954.stm They actually state that prices fell! Whoda thought it from the BBC!! "House prices 'fell in late 2005'" Edited February 8, 2006 by OLDFTB Quote Link to comment Share on other sites More sharing options...
sign_of_the_times Posted February 8, 2006 Share Posted February 8, 2006 (edited) Its what the real world calls a rise though 11 % down to 4% a rise ? was qtr on qtr the only way you could spin it in your favour ? Edited February 8, 2006 by sign_of_the_times Quote Link to comment Share on other sites More sharing options...
quangolicious Posted February 8, 2006 Share Posted February 8, 2006 http://www.landregistry.gov.uk/about_us/pr...article_id=8262 Its what the real world calls a rise though - prices up and worst of all volumes rocketing ahead. Not rising everywhere though. Looking at Reading for example, every property type has dropped in value, for example, flats and maisonettes by -6%. What I don't understand with the Reading figures though is that, even though each property type's value is lower than in 2004, the combined final column (labelled "Average Price") shows that prices have increased by about £1000. Or am I missing something? Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted February 8, 2006 Share Posted February 8, 2006 Not rising everywhere though. Looking at Reading for example, every property type has dropped in value, for example, flats and maisonettes by -6%. You mean the press release doesn't reflect the underlying figures, but it includes loads of words like increased ?!? Campbell is back in town, btw. Quote Link to comment Share on other sites More sharing options...
Stanley Posted February 8, 2006 Share Posted February 8, 2006 BBC have an article on this as well: http://news.bbc.co.uk/1/hi/business/4689954.stm They actually state that prices fell! Whoda thought it from the BBC!! "House prices 'fell in late 2005'" Best save that BBC article before they put it through the BBC spin machine Quote Link to comment Share on other sites More sharing options...
wtc Posted February 8, 2006 Share Posted February 8, 2006 Hmmm so looking back on the Q3 report from the LR, prices are actually down in Q4 from Q3 Is there any reason why they haven't compared prices to the last quarter or is that just the way they always do things? Still, prices have fallen, not by a huge amount though but theres still some areas increasing rapidly and masking other areas that are seeing some quite serious falls. Quote Link to comment Share on other sites More sharing options...
quangolicious Posted February 8, 2006 Share Posted February 8, 2006 (edited) Hmmm so looking back on the Q3 report from the LR, prices are actually down in Q4 from Q3 You're right! Look at detached houses in York, -13% in one quarter! Where's the biggest fall? Edited February 8, 2006 by spleeper Quote Link to comment Share on other sites More sharing options...
wtc Posted February 8, 2006 Share Posted February 8, 2006 (edited) Northamptonshire ............................ Q3...............Q4 Detached...........252,094........248,134 Semi.................148,443........145,098 Terraced............120,696........123,447 Flat....................105,889........111,421 All......................165,090........164,361 All looks pretty static to me YOY ............................2004.............2005 Detached............249,623......... 248,134 Semi..................144,323..........145,098 Terraced.............118,839..........123,447 Flat....................106,601..........111,421 All......................163,310..........164,361 Again pretty flat, except flats(suprisingly) which have seen the biggest increase EDIT - Anyone know a way to do columns of figures without all the whitespace being removed? Edited February 8, 2006 by wtc Quote Link to comment Share on other sites More sharing options...
redwing Posted February 8, 2006 Share Posted February 8, 2006 two of you quoted local prices (York and Reading) How can I find these? Help please. Thankyou Redwing Quote Link to comment Share on other sites More sharing options...
pyewackitt Posted February 8, 2006 Share Posted February 8, 2006 Very interesting.... look at the flats/maisonettes entries in Q3 and Q4 2005. Looks like all those new build reductions and BTL offloads are hitting the market IMHO. Thoughts? Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted February 8, 2006 Share Posted February 8, 2006 Where has the section which allows you to compare regions quarter v quarter gone? I`m getting errors continually on all these sections http://www.landreg.gov.uk/propertyprice/in...datayear=0&rq=1 http://www.landreg.gov.uk/propertyprice/in...datayear=0&rq=1 http://www.landreg.gov.uk/propertyprice/in...datayear=0&rq=1 http://www.landreg.gov.uk/propertyprice/in...datayear=0&rq=1 Quote Link to comment Share on other sites More sharing options...
Portent Posted February 8, 2006 Share Posted February 8, 2006 (edited) Lots of London boroughs with falling flat/maisonette prices. Edited February 8, 2006 by Portent Quote Link to comment Share on other sites More sharing options...
wtc Posted February 8, 2006 Share Posted February 8, 2006 (edited) York ............................ Q3...............Q4 Detached...........286,602........249,374 Semi.................173,650........174,195 Terraced............163,648........155,544 Flat....................145,689 ........153,783 All......................186,343........177,308 YOY ............................2004.............2005 Detached............275,512......... 249,374 Semi..................167,090..........174,195 Terraced.............170,885..........155,544 Flat.....................149,169.........153,783 All......................185,191..........177,308 Ouch time in York Look at that drop in price for detached houses between Q3 and Q4.........but of course house prices never fall Except when then drop approx. 13% in a single quater Edited February 8, 2006 by wtc Quote Link to comment Share on other sites More sharing options...
spline Posted February 8, 2006 Share Posted February 8, 2006 two of you quoted local prices (York and Reading) How can I find these? Help please. Redwing - the PDF files are linked here: LR Q4 Price Report Oct-Dec 2005 LR Q3 Price Report July-Sept 2005 Quote Link to comment Share on other sites More sharing options...
wtc Posted February 8, 2006 Share Posted February 8, 2006 (edited) All UK properties ............................ Q3...............Q4...........% Detached...........301,771........293,248...... -2.8 Semi.................177,087........174,744...... -1.3 Terraced............151,826........149,906...... -1.2 Flat....................174,886 ........173,915..... -0.5 All......................194,589........191,327...... -1.6 So there you have it, falls across the board when Q3 is compared to Q4. Funny how the OP posted this report along with a smug "told you prices weren't falling" remark, perhaps he should have examing the figures closer. Prices may not be down YOY, but I don't think anyone was expecting the report to show that. Edited February 8, 2006 by wtc Quote Link to comment Share on other sites More sharing options...
RichM Posted February 8, 2006 Share Posted February 8, 2006 So, either the North/Scotland/N Ireland slow down and the figures for the whole UK eventually calm down/fall, or the north eventually becomes more expensive than London. This crash is taking its time. But that doesn't mean it won't become a full blown crash. Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted February 8, 2006 Share Posted February 8, 2006 So, either the North/Scotland/N Ireland slow down and the figures for the whole UK eventually calm down/fall, or the north eventually becomes more expensive than London. This crash is taking its time. But that doesn't mean it won't become a full blown crash. If you add in the GDP deflator we've witness a 2% fall quarter on quarter for all UK property despite the Raging North. The curious thing about percentages is the fact they compound nicely on the downside. Quote Link to comment Share on other sites More sharing options...
RichM Posted February 8, 2006 Share Posted February 8, 2006 Property prices, all property types, Lambeth: Price £ Sales Year 267463 4683 2005 253027 6143 2004 237537 5597 2003 229276 7438 2002 211363 6043 2001 178822 6109 2000 146183 6021 1999 126836 5494 1998 103438 6130 1997 94586 4942 1996 79621 3551 1995 Lowest sales last year for 10 years! And the numbers of flats selling decreased, while the numbers of detached houses selling increased - wonder if they helps to explain the figures Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted February 8, 2006 Share Posted February 8, 2006 And the numbers of flats selling decreased, while the numbers of detached houses selling increased - wonder if they helps to explain the figures If the last 4-5% YoY increases in Q4 are factored into expensive detached property then clearly it makes the market appear rosy in actual terms. Quote Link to comment Share on other sites More sharing options...
apom Posted February 8, 2006 Share Posted February 8, 2006 (edited) http://www.landregistry.gov.uk/about_us/pr...article_id=8262 Well, there you go ......... I suppose thats what you bears would call a crash then !! Its what the real world calls a rise though - prices up and worst of all volumes rocketing ahead. yup... marvelous.. now have a closer look plus BBC this morning announced that house prices fell in october - december.. The crash is amongst us.. Edited February 8, 2006 by apom Quote Link to comment Share on other sites More sharing options...
FollowTheBear Posted February 8, 2006 Share Posted February 8, 2006 (edited) If volumes are rising then who the hell is buying if FTBers are at an all time low? Probably explains why flats are down but big houses are still selling. Best set of figures ever. Edited February 8, 2006 by FollowTheBear Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted February 8, 2006 Share Posted February 8, 2006 The curious thing about percentages is the fact they compound nicely on the downside. I like the cut of your jib BB FP Quote Link to comment Share on other sites More sharing options...
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