Jason Posted April 6, 2006 Share Posted April 6, 2006 (edited) http://www.nationwide.co.uk/hpi/review.htm This doesn't seem to have as much information as Q4! Edited April 6, 2006 by Jason Quote Link to comment Share on other sites More sharing options...
stormy Posted April 6, 2006 Share Posted April 6, 2006 http://www.nationwide.co.uk/hpi/review.htm This doesn't seem to have as much information as Q4! It actually paints a very good picture of my sub-region, the East Riding of Yorkshire. Prices still seem to be picking up even though I myself believe I paid a *lot* more than I really wanted to for my house. Quote Link to comment Share on other sites More sharing options...
Bingley Bloke Posted April 6, 2006 Share Posted April 6, 2006 Yorkshire up 5.7% but Bradford down 4% Interesting. Is this based on asking prices or actual sold prices? Quote Link to comment Share on other sites More sharing options...
leftysmate Posted April 6, 2006 Share Posted April 6, 2006 http://www.nationwide.co.uk/hpi/review.htm This doesn't seem to have as much information as Q4! Theres a hell of a spread behind some of these averages. i.e. Outer South East - look at the end table; IOW +17%, Basingstoke +11% then Milton Keynes +1%, and from the commentary Malden -5.7% This can't be "normal" - I would expect variation but a much tighter spread. Perhaps the big variations are being caused by small sample populations? Quote Link to comment Share on other sites More sharing options...
Mags Posted April 6, 2006 Share Posted April 6, 2006 It actually paints a very good picture of my sub-region, the East Riding of Yorkshire. Prices still seem to be picking up even though I myself believe I paid a *lot* more than I really wanted to for my house. Is that good? Quote Link to comment Share on other sites More sharing options...
Surrey cash buyer Posted April 6, 2006 Share Posted April 6, 2006 Detached houses in Surrey (outer metropolitan) up by a massive 0.1% Whilst my STR fund is up 3%. That's cheered me up this morning. Quote Link to comment Share on other sites More sharing options...
Take me to the cleaners Posted April 6, 2006 Share Posted April 6, 2006 1 Sub-regional analysis is based on the average price per square foot in each of the sub-regions. This is grossed up by the average square footage in a particular region to arrive at an average house price. Unlike Nationwide’s main index this methodology does not take into account the different mix of properties transacted and is therefore a simplification. Because of the different methodologies the two series arenot directly comparable Where do they get the data from for the regional analysis anyway? It also seems odd that East Yorkshire is up 13% but Leeds is down 5%; this is a remarkably wide variation suggesting that people are moving out of the cities into rural areas perhaps?... Quote Link to comment Share on other sites More sharing options...
Jason Posted April 6, 2006 Author Share Posted April 6, 2006 bump! Quote Link to comment Share on other sites More sharing options...
vicster Posted April 6, 2006 Share Posted April 6, 2006 (edited) % change over 1 year 10% The South West is the least affordable place forfirst-time buyers behind London. Due to house prices rising faster than earnings affordability deteriorated in the first quarter of 2006. First-time buyers on average earnings in the South West would now spend 49.2% of their take home pay on their mortgage payments Edited April 6, 2006 by vicster Quote Link to comment Share on other sites More sharing options...
stormy Posted April 6, 2006 Share Posted April 6, 2006 (edited) It also seems odd that East Yorkshire is up 13% but Leeds is down 5%; this is a remarkably wide variation suggesting that people are moving out of the cities into rural areas perhaps?... I think that is what is happening here in the East Yorkshire, people who can afford to move out of Hull are doing so. Edited April 6, 2006 by stormy Quote Link to comment Share on other sites More sharing options...
lincs Posted April 6, 2006 Share Posted April 6, 2006 I think that is what is happening here in the East Yorkshire, people who can afford to move out of Hull are doing so. Im not so sure as prices in Hull itself seem to have risen quite considerably over the last year or two but where i live (villages on edge of Hull) i think the prices peaked around 2004/5. I thik this may have alot to do with the regeneration of Hull. I know alot of people round me who are having real trouble selling their houses. Quote Link to comment Share on other sites More sharing options...
camem' Posted April 6, 2006 Share Posted April 6, 2006 a little hard to say for me NATIONWIDE Thu 6th April 2006 House price growth in East Anglia slowest in UK in Q1 http://www.nationwide.co.uk/hpi/historical/Q1_EA.pdf HALIFAX Thu 6th April 2006 The biggest house price rises in the first quarter of 2006 were in Wales (4.5%), East Anglia (3.4%) and East Midlands (3.0%). http://www.hbosplc.com/economy/includes/Ho...ndexMar2006.pdf Quote Link to comment Share on other sites More sharing options...
sign_of_the_times Posted April 6, 2006 Share Posted April 6, 2006 a little hard to say for me NATIONWIDE Thu 6th April 2006 House price growth in East Anglia slowest in UK in Q1 http://www.nationwide.co.uk/hpi/historical/Q1_EA.pdf HALIFAX Thu 6th April 2006 The biggest house price rises in the first quarter of 2006 were in Wales (4.5%), East Anglia (3.4%) and East Midlands (3.0%). http://www.hbosplc.com/economy/includes/Ho...ndexMar2006.pdf that highlights what a joke these "statistics" are Quote Link to comment Share on other sites More sharing options...
camem' Posted April 6, 2006 Share Posted April 6, 2006 (edited) that highlights what a joke these "statistics" are agreed - this is two measures nominally of the same thing; you couldn't make it up ! That is, obviously you can make them up, I mean you couldn't if you tried... Edited April 6, 2006 by camem' Quote Link to comment Share on other sites More sharing options...
spline Posted April 7, 2006 Share Posted April 7, 2006 that highlights what a joke these "statistics" are Let’s see, for East Anglia Q1/2006 Nationwide says £162,383 whereas Halifax says £167,366 – I make that about 3% different … Quote Link to comment Share on other sites More sharing options...
pyewackitt Posted April 7, 2006 Share Posted April 7, 2006 OMG! The London report is amazing... Table on Page one is very good reference. "A first time buyer on average earnings would now spend 54.7% of take home pay on mortgage payments compared to 39.6% four years ago. This is significantly higher than the 42% comparable figures for the rest of the UK." Add higher Gas, Electricity, Water, Council Tax, Travel expenses and its quite easy to see why retail spending has nosedived even though many goods prices are falling. Prices still rising but the growth level kicked into reserve in some areas (i.e. Greenwich). - Pye (Property Speculation Ninja ) Quote Link to comment Share on other sites More sharing options...
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