Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

The Time's Describes Lr Figures As Showing Weakest Growth In 10 Yrs

Recommended Posts

http://business.timesonline.co.uk/article/...2029519,00.html

The Times
February 08, 2006
House price growth in 2005 slowed to weakest for decade
By Gabriel Rozenberg, Economics Reporter
HOUSE price growth in 2005 slowed to its
weakest rate for any calender year in a decade
, Land Registry data showed yesterday.
It was a good year, too, for owners of new detached houses —
but a bad one for flat owners
. New detached house prices rose 8.3 per cent, while prices of flats and maisonettes rose by only 3.2 per cent.
House prices in England and Wales fell 1.7 per cent in the fourth quarter
of last year to an average of £191,327.

The Times seems to be nicely balanced?

Share this post


Link to post
Share on other sites

The Times seems to be nicely balanced?

hmm, don't know - for me the Times is fairly bullish on property.

For instance, they said:

"The slowdown followed a dip in house values towards the end of the year. However, the figures masked a sharp rise in sales of luxury homes, with deals involving properties worth more than £1 million up by nearly a quarter.

Where I would have said:

"An increase in the sales and prices of luxury homes masked much worse figures for non-luxury properties."

Suppose it depends what type of property your average Times reader is interested in...

Edited by Leodhasach

Share this post


Link to post
Share on other sites

http://business.timesonline.co.uk/article/...2029519,00.html

The Times
February 08, 2006
House price growth in 2005 slowed to weakest for decade
By Gabriel Rozenberg, Economics Reporter
HOUSE price growth in 2005 slowed to its
weakest rate for any calender year in a decade
, Land Registry data showed yesterday.
It was a good year, too, for owners of new detached houses —
but a bad one for flat owners
. New detached house prices
rose
8.3 per cent, while prices of flats and maisonettes
rose
by only 3.2 per cent.
House prices in England and Wales fell 1.7 per cent in the fourth quarter
of last year to an average of £191,327.

The Times seems to be nicely balanced?

As someone over at SP said you can see what you want to see in these reports. Joe Public thinking of buying will still see the words rise and perhaps may focus on this part of the Times article:

Quote:

"However, the dip in the fourth quarter appeared to be in line with a standard pattern of behaviour, in which house prices fall towards the end of the year as buyer activity wanes. Prices fell 2.7 per cent in the fourth quarter of 2004."

The article could be seen to “explain” the falls to some extent and as I posted couple days ago Joe Public does not read this forum.........and I doubt if they have knowledge/time/to analyse the market as we do here........i am trying to look at ALL sides of the argument. be interesting to see 1st Q 06 LR figures.........surely they will give better indication?

Sorry i HIGHLIGHTED the word "rose" in your quote, and for some reason it will not let me correct it..............

Edited by beenhearingthisforyears

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 343 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.