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Hbsos' Own Figures. I Repeat, Hbso's Own Figures

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Someone posted this link on the FT house price forum :

http://www.hbosplc.com/economy/includes/UKQ42005.doc

15% Increase Co-Londonderry

12% Increase Co-Tyrone

11% Increase Grampian

11% Increase Co-Antrim

11% Increase Fife

All the top 15 areas in the UK that have shoen increases (28 in total) are outside of England - you have to go to Lancashire to find a UK regions with an increase (5%).

Look at the decreases though-38 regions showing decreases:

-6% Decrease Northamptonshire

-7% Decrease West-Sussex

-7% Decrease Hertfordshire

-9% Decrease Oxfordshire

-10% Decrease Somerset

Very interesting data

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Don't be ridiculous.

House prices never fall.

They must be deliberately distorting the data.

I was told it was different this time.

How can this be - interest rates aren't at 15% yet.

btp

;)

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Guest Winners and Losers

Don't be ridiculous.

House prices never fall.

They must be deliberately distorting the data.

I was told it was different this time.

How can this be - interest rates aren't at 15% yet.

btp

;)

:lol: What about the housing shortage???? This is just VI spin. :lol:

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Guest wrongmove

Very interesting data

Be careful with these numbers though. They are a simple average of all transactions and not mix-adjusted. So increased sales of cheaper homes can cause a false drop, and increased sales of more expensive homes can cause a false rise.

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:lol: What about the housing shortage???? This is just VI spin. :lol:

as far as I can tell we have more houses per head of capita then we ever have had and we are currently building a new home for every 2.1 new people :)

Housing shortage was used to explain the house price explosion..

and I suppose it must have seemed like a shortage whilst people clmoured over each other to invest.. this is also what drove up the prices..

If your neighbour may have paid a third of what you have for your flat and if they did so about 7 years ago..

Do not be so smug..

as a speculative market in times of practically free money in lending terms it all looked great..

but it was a speculative market

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Don't get too excited, this is old news and has been covered before. The data has not been mix adjusted (fiddled). After they had 'mix adjusted' (fiddled) the data the S.E was showing price rises of about 2.7%. However I did find it encouraging - I suspect the raw data is far more realistic than the mix adjusted data - it reflects what I have been seeing / hearing in Berkshire. I really don't pay much attention to Halifax / Nationwide, it'll be a cold day in Hell before they admit prices are falling, it took them something like two years to acknowledge prices were falling after the last crash started.

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Guest Winners and Losers

as far as I can tell we have more houses per head of capita then we ever have had and we are currently building a new home for every 2.1 new people :)

Housing shortage was used to explain the house price explosion..

and I suppose it must have seemed like a shortage whilst people clmoured over each other to invest.. this is also what drove up the prices..

If your neighbour may have paid a third of what you have for your flat and if they did so about 7 years ago..

Do not be so smug..

as a speculative market in times of practically free money in lending terms it all looked great..

but it was a speculative market

Moi? Smug? Tongue in cheek sweetie. ;)

Edited by Winners and Losers

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Moi? Smug? Tongue in cheek sweetie. ;)

lol, I had spotted your sarcasim..

It was aimed at.. well you know them.. we all work with them..

They all think they are so massivly clever because they bought a house once and have managed to increase their debt hugely... and they think they are rich..

but they are soooo wrong.. soooo very wrong.... for the only time debt is groovy is if someone else pays it of for you..

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Guest Winners and Losers

lol, I had spotted your sarcasim..

It was aimed at.. well you know them.. we all work with them..

They all think they are so massivly clever because they bought a house once and have managed to increase their debt hugely... and they think they are rich..

but they are soooo wrong.. soooo very wrong.... for the only time debt is groovy is if someone else pays it of for you..

OK, just checking. :)

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  • 302 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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