Timm Posted April 17 Share Posted April 17 (edited) https://www.gov.uk/government/statistics/uk-house-price-index-for-february-2024/uk-house-price-index-summary-february-2024 Had been expected to go YoY positive to + 0.2% All provisional - will be revised. Edited April 17 by Timm Quote Link to comment Share on other sites More sharing options...
Frankie Teardrop Posted April 17 Share Posted April 17 Deflation! Quote London was the English region with the lowest annual inflation, where prices decreased by 4.8% in the 12 months to February 2024. Quote Link to comment Share on other sites More sharing options...
Sackboii Posted April 17 Share Posted April 17 12 minutes ago, Timm said: All provisional - will be revised Down.. Quote Link to comment Share on other sites More sharing options...
Timm Posted April 17 Author Share Posted April 17 2 minutes ago, Frankie Teardrop said: Deflation! But not in Stewy land (the NE) which to be fair is ON FIRE! (+3.2% MoM) Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted April 17 Share Posted April 17 Looking at the data, January's average price was revised down about 1%. Also, England's headline figure was -1.1%. Quote Link to comment Share on other sites More sharing options...
Frankie Teardrop Posted April 17 Share Posted April 17 9 minutes ago, Timm said: But not in Stewy land (the NE) which to be fair is ON FIRE! (+3.2% MoM) Perhaps some Londoner bought "Tindale Towers"... Quote Link to comment Share on other sites More sharing options...
Dreamcasting Posted April 17 Share Posted April 17 11 minutes ago, Timm said: But not in Stewy land (the NE) which to be fair is ON FIRE! (+3.2% MoM) When I was in NE England a few months ago I was wondering why everything seemed so busy compared with normal. Maybe more people are moving up there which is pushing prices up quicker. Property was already reasonably priced compared with many other regions so would seem excellent value for those able to relocate. Quote Link to comment Share on other sites More sharing options...
Stewy Posted April 17 Share Posted April 17 19 minutes ago, Timm said: But not in Stewy land (the NE) which to be fair is ON FIRE! (+3.2% MoM) I suspect the London bias is pushing the reading slightly negative (although -0.2 is still totally Plateaud), and most everywhere else is likely positive. Quote Link to comment Share on other sites More sharing options...
Stewy Posted April 17 Share Posted April 17 5 minutes ago, Stewy said: I suspect the London bias is pushing the reading slightly negative (although -0.2 is still totally Plateaud), and most everywhere else is likely positive. Found this Quote Link to comment Share on other sites More sharing options...
Aidan Ap Word Posted April 17 Share Posted April 17 Massive bear food in section 4 and 5 ... like this: https://www.gov.uk/government/statistics/uk-house-price-index-for-february-2024/uk-house-price-index-summary-february-2024#:~:text=Comparing the provisional UK,to Quarter 4 2023. Quote Comparing the provisional UK HPI volume estimate for December 2022 with the provisional UK HPI volume estimate for December 2023, volume transactions decreased by 48.9% in England, 7.6% in Scotland and 44.3% in Wales. Northern Ireland’s UK HPI volume transactions decreased by 13.4% in the year to Quarter 4 2023. And a personal favourite: Quote Link to comment Share on other sites More sharing options...
fellow Posted April 17 Share Posted April 17 1 hour ago, Aidan Ap Word said: Massive bear food in section 4 and 5 ... like this: https://www.gov.uk/government/statistics/uk-house-price-index-for-february-2024/uk-house-price-index-summary-february-2024#:~:text=Comparing the provisional UK,to Quarter 4 2023. And a personal favourite: New builds up 16% is complete nonsense at a time when house builders are struggling and making cuts. More likely low sales volumes are being skewed towards higher end properties. Quote Link to comment Share on other sites More sharing options...
Timm Posted April 17 Author Share Posted April 17 5 minutes ago, fellow said: New builds up 16% is complete nonsense at a time when house builders are struggling and making cuts. More likely low sales volumes are being skewed towards higher end properties. That, and incentives. They will knock 5% off for you before you even walk in the door. Quote Link to comment Share on other sites More sharing options...
PropertyMania Posted April 17 Share Posted April 17 3 hours ago, fellow said: New builds up 16% is complete nonsense at a time when house builders are struggling and making cuts. More likely low sales volumes are being skewed towards higher end properties. Yep, I'm really surprised. Would have expected the opposite with the end of Help To Buy. some dodgy accounting going on? Quote Link to comment Share on other sites More sharing options...
Aidan Ap Word Posted April 18 Share Posted April 18 On 17/04/2024 at 15:43, PropertyMania said: Yep, I'm really surprised. Would have expected the opposite with the end of Help To Buy. some dodgy accounting going on? "some" ... maybe. That said - if there were some *really* expensive new builds this could have skewed the numbers. But it would have to be a (very?) small number (and, thus, **very** expensive) new builds because the transactions volumes are at (almost?) historic-low levels? But I thought all the slicing out of "exceptions" woul dhave those removed from the "16% change in the 'national' (and thus meaningless) number"? Quote Link to comment Share on other sites More sharing options...
fellow Posted April 18 Share Posted April 18 2 hours ago, Aidan Ap Word said: "some" ... maybe. That said - if there were some *really* expensive new builds this could have skewed the numbers. But it would have to be a (very?) small number (and, thus, **very** expensive) new builds because the transactions volumes are at (almost?) historic-low levels? But I thought all the slicing out of "exceptions" woul dhave those removed from the "16% change in the 'national' (and thus meaningless) number"? Maybe the house builders are concentrating on building decent houses for those who can actually afford them, rather than knocking out loads of flats nobody wants or can afford at the prices previously achieved? Quote Link to comment Share on other sites More sharing options...
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