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kingofnowhere

Odpm +2% March

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http://www.odpm.gov.uk/index.asp?id=100288...ssNoticeID=2151

Download this release as a PDF: House Price Index March 2006 (PDF 68 Kb)

The mix-adjusted average house price in the UK in March 2006 stood at £186,519, up from £182,925 in February 2006 (not seasonally adjusted).

UK annual house price inflation in March 2006 was 3.3 per cent, down from 3.4 per cent in February 2006. Annual house price inflation in London was 4.0 per cent in March 2006, up from 1.5 per cent in February 2006.

The UK annual house price inflation rate for the 3 months to March 2006 was 3.6 per cent, and 3.5 per cent in London.

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

House prices up 3.3 percent

15/05/2006 08:52

LONDON (Reuters) -
House prices rose 3.3 percent in the year to March, lower than the downwardly revised 3.4 percent house price inflation reported for the month before,
the government said on Monday.
The Department for Communities and Local Government, formerly the Office of the Deputy Prime Minister, said the average house price stood at 186,519 pounds in March compared with February’s downwardly revised 182,925 pounds.

I would have expected a slightly larger fall than 0.1% but this may be due to the downward revision in February. At least the downward trend continues but a bit slow for me! :angry:

Edited by Realistbear

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great news - housing becomes more unaffordable, more people in more debt if they want to buy. just what this country needs. praise be.

Gordon will be having a celebratory bottle of Champers in the Old Grampians Club tonight no doubt! But the trend line may cause him to worry a little in the event it keeps going down.

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great news - housing becomes more unaffordable, more people in more debt if they want to buy. just what this country needs. praise be.

Yep.

Even less point in working for a living - Welcome to Britian!

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Good news for Bears and people who predict an iminent market correction. We've been in the phoney war with all the conflicting data/anecdotes that brings, for about 6 months now.

Property price are only going one way.

If the economy stays on its current course, IR will go up (to between 5 and 6% over 18 months) - property will tank.

If the economy does better than expected, IR will go up (to between 5.5 and 6.75% over 2 years)- property will tank further for longer.

If the economy tanks reducing IR is not going to help much.

Osama says he wants oil at $100 a barrel. He's realised the way to really hurt the west and get GW Bush's attention is to drive up and keep up the price of oil. If that happens property prices will fall 50%. Not that it will be much use to anyone as we'll have bigger problems than the price of houses.

Anyone holding property they do not need should turn it into cash and pay down debt.

Pablo Silver or Lead?

Edited by Pablo-silver or lead?

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Pretty much backs up all the other reports that have been coming out.

Which reports?...

The data runs counter to figures from property website Rightmove, published overnight, which showed asking prices on homes rose at their strongest annual rate in over a year from mid-April to early May.

Rightmove said asking prices rose 5.9 percent on a year ago, up from the 4.1 percent annual rate in its March/April survey.

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Interesting. Despite the media hype, prices in the SE are lower than they were in August 2004!!

So Rightmove says the South East is up 7.2%, yet ODPM says it's up 0.6%. Hmmm.

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I think you some of you lot might want to consider taking prozac :) This does not look like it is going to end soon, God only knows where the money is coming from, i am starting to think the black economy and money laundering are FAR bigger than i ever imagined.

A lot of this is BTL speculation, and i am afraid it is going to take a few years before they realise that BTL is now a dead duck.

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great news - housing becomes more unaffordable, more people in more debt if they want to buy. just what this country needs. praise be.

I thought I came on to a porno site on reading this thread. :o

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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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