TheCountOfNowhere Posted September 15, 2021 Share Posted September 15, 2021 (edited) Edited September 15, 2021 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
msi Posted September 15, 2021 Share Posted September 15, 2021 Remind me how Stamp Duty Holiday had no affect on prices? </sarcasm> Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 15, 2021 Share Posted September 15, 2021 4 minutes ago, msi said: Remind me how Stamp Duty Holiday had no affect on prices? </sarcasm> nurse! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 15, 2021 Author Share Posted September 15, 2021 6 minutes ago, msi said: Remind me how Stamp Duty Holiday had no affect on prices? </sarcasm> The effect they has was getting idiots to collect on the Term Funding 0.1% IR stolen cash. The UK is ****ed. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted September 15, 2021 Share Posted September 15, 2021 Some brutal numbers here: England In England, the July data shows on average, house prices have fallen by 4.5% since June 2021. The annual price rise of 7% takes the average property value to £270,973. The regional data for England indicates that: no region saw a monthly price rise. The South East experienced the smallest monthly fall with a movement of -1.3% the North West saw the lowest monthly price growth, at -7.6% Quote Link to comment Share on other sites More sharing options...
rantnrave Posted September 15, 2021 Share Posted September 15, 2021 Quote Link to comment Share on other sites More sharing options...
highcontrast Posted September 15, 2021 Share Posted September 15, 2021 Crashy crashy... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 15, 2021 Author Share Posted September 15, 2021 House prices fell £9000 last month it seems !!!! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 15, 2021 Author Share Posted September 15, 2021 1 minute ago, rantnrave said: Some brutal numbers here: England In England, the July data shows on average, house prices have fallen by 4.5% since June 2021. The annual price rise of 7% takes the average property value to £270,973. The regional data for England indicates that: no region saw a monthly price rise. The South East experienced the smallest monthly fall with a movement of -1.3% the North West saw the lowest monthly price growth, at -7.6% God bless UKPropertyLion Quote Link to comment Share on other sites More sharing options...
rantnrave Posted September 15, 2021 Share Posted September 15, 2021 On a seasonally adjusted basis, average house prices in England decreased by 5.2% between June and July 2021... https://www.gov.uk/government/statistics/uk-house-price-index-england-july-2021/uk-house-price-index-england-july-2021 Quote Link to comment Share on other sites More sharing options...
msi Posted September 15, 2021 Share Posted September 15, 2021 5 minutes ago, rantnrave said: On a seasonally adjusted basis, average house prices in England decreased by 5.2% between June and July 2021... https://www.gov.uk/government/statistics/uk-house-price-index-england-july-2021/uk-house-price-index-england-july-2021 No doubt Halifax and Nationwide will adjust again in the correct direction Quote Link to comment Share on other sites More sharing options...
rantnrave Posted September 15, 2021 Share Posted September 15, 2021 2 minutes ago, msi said: No doubt Halifax and Nationwide will adjust again in the correct direction They usually run ahead of the Land Reg figures though, not the other way round. Can't find news of these figures in any MSM by the way... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 15, 2021 Author Share Posted September 15, 2021 13 minutes ago, rantnrave said: RR...those numbers are MASSIVE Quote Link to comment Share on other sites More sharing options...
rantnrave Posted September 15, 2021 Share Posted September 15, 2021 2 minutes ago, TheCountOfNowhere said: RR...those numbers are MASSIVE Quite Another performance like that next month and prices will be back to where they were before the first lockdown. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 15, 2021 Author Share Posted September 15, 2021 8 minutes ago, rantnrave said: Quite Another performance like that next month and prices will be back to where they were before the first lockdown. ...where they were predicted to fall 20%. Quote Link to comment Share on other sites More sharing options...
Locke Posted September 15, 2021 Share Posted September 15, 2021 45 minutes ago, rantnrave said: If you work through the numbers, it's actually worse than you would intuit, because rises mean than falls are more significant. The larger the rise, the more precipitous the position. If a price rises by 50% then falls by 50%, it is at 75% of the original figure Quote Link to comment Share on other sites More sharing options...
Dweller Posted September 15, 2021 Share Posted September 15, 2021 41 minutes ago, rantnrave said: Can't see how this translates on the ground. Prices in the areas we are looking are still up up and up! House in say Radstock (Somerset) 2020 value £220,000 tops (done up) now selling (yes selling) at £280,000 with multiple viewings and their crappy ! This one came on this week :O( https://www.rightmove.co.uk/properties/113432912#/?channel=RES_BUY As you can see along that terrace £220,000 would be a good price for a done up property and the one linked above needs EVERYTHING doing to it. This is the story everywhere we look and still they sell within 10 days. So where are these figures coming from when everything we might be interested in is still £50,000 + over what it would have sold for in 2020. Quote Link to comment Share on other sites More sharing options...
Smiley George Posted September 15, 2021 Share Posted September 15, 2021 39 minutes ago, rantnrave said: Can't find news of these figures in any MSM by the way... Both Halifax and Nationwide monthly reports are generally everywhere before you've finished your cornflakes. Just shows the MSM for what it is when it comes to HPI, ran and operated with people up to their necks in property. I really hope some of these people are taught a lesson and made to feel some pain. Quote Link to comment Share on other sites More sharing options...
Dweller Posted September 15, 2021 Share Posted September 15, 2021 37 minutes ago, rantnrave said: Quite Another performance like that next month and prices will be back to where they were before the first lockdown. WHERE is this happening. Every day I trawl through properties on the market for £50,000 more than they would have been at the start of this year let alone last year! TOTALLY depressing as they go STC within a week. OK if you are selling this market but we sold in the old market and been stuck since. Wish I could believe this would translate into £50,000 coming off but can't see it happening when there are so few properties and so many people after them. Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted September 15, 2021 Share Posted September 15, 2021 4 minutes ago, Dweller said: WHERE is this happening. Every day I trawl through properties on the market for £50,000 more than they would have been at the start of this year let alone last year! TOTALLY depressing as they go STC within a week. OK if you are selling this market but we sold in the old market and been stuck since. Wish I could believe this would translate into £50,000 coming off but can't see it happening when there are so few properties and so many people after them. the final price they sell for will a lot of the time be less Quote Link to comment Share on other sites More sharing options...
winkie Posted September 15, 2021 Share Posted September 15, 2021 House prices fell inline with the stamp duty saving.....buyers lost sellers gained.😉 Quote Link to comment Share on other sites More sharing options...
Dweller Posted September 15, 2021 Share Posted September 15, 2021 6 minutes ago, hurlerontheditch said: the final price they sell for will a lot of the time be less EVERYTHING we phone up about still has bidding wars even though the properties are already £50,000 + over what the value 2020 and early 2021. I guess if people are selling for £50,000 more then they can afford £50,000 + more but does the market need FTB because at the level we are looking these £280,000 properties at £220,000 (in 2019) were first time buyers homes. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 15, 2021 Author Share Posted September 15, 2021 Just now, winkie said: House prices fell inline with the stamp duty saving.....buyers lost sellers gained.😉 Weird that. Now let the 18% fall we were promised commence !!! There is a ruddy great hole in the housing market now and given the extreme prices I doubt many will be buying Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 15, 2021 Author Share Posted September 15, 2021 Just now, Dweller said: EVERYTHING we phone up about still has bidding wars even though the properties are already £50,000 lying 2nd hand house salesmen tying to con us into buying a property so at extreme prices so they can get a massive commission. Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 15, 2021 Share Posted September 15, 2021 I'm sure the BoE will see this as indication to increase QE because HOUSE PRICES MUST NOT FALL Quote Link to comment Share on other sites More sharing options...
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