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Realistbear

O D P M Figures Now Show Prices Fell In December

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http://www.thisismoney.co.uk/mortgages/hou...0&in_page_id=57

HOUSE prices edged
0.1% lower
during December as certain types of property fell out of favour with buyers, Government figures showed today.
The fall was driven by a 1% drop in the average price of a bungalow and a
0.9% decline in the cost of semi-detached homes,
according to the Office of the Deputy Prime Minister.

http://www.ifaonline.co.uk/public/showPage.html?page=315975

The average house price in the UK stood at £185,188 in December, down marginally from £185,848 in November, according to the Office of the Deputy Prime Minister.

Weren't the latest figures released by the ODPM showing an overall rise in HPI? :blink:

http://www.tiscali.co.uk/news/newswire.php...y_template.html

LONDON (Reuters) - House price inflation picked up to 2.9 percent in the year to December 2005 from a revised 2.2 percent in November, the government said on Monday.
That left the average house price at 185,788 pounds in December compared with 185,848 in November, the Office of the Deputy Prime Minister said.
Edited by Realistbear

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Monthly figures can show falls while annual figures show rises. They're different time frames and therefore not comparable.

The figures are still off-even though by only a small amount from November to December.

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The figures are still off-even though by only a small amount from November to December.

nov 2004-nov 2005 2.2%

dec 2004-dec 2005 2.9%

nov 2005-dec-2005 -0.1%

If you look at a report 4 long enough, you'll eventually see whatever it was you wanted to see!!!

Hope this helps!

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nov 2004-nov 2005 2.2%

dec 2004-dec 2005 2.9%

nov 2005-dec-2005 -0.1%

If you look at a report 4 long enough, you'll eventually see whatever it was you wanted to see!!!

Hope this helps!

Which all makes sense because from nov2005-dec2005 there was a 0.7% fall, which makes the YOY higher in spite of a MOM fall.

Jan and Feb last year were fairly stable on the ODPM figures, then March was a 2.1% rise, which means that if prices stay fairly stable, the YOY might fall closer to zero on the March figures. But only if the same pattern isn't repeated this year.

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  • 337 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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