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kingofnowhere

Ft Index May +0.5% Yoy 5.4%

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http://news.ft.com/cms/s/1d089640-fb60-11d...000e2511c8.html

The FT House Price Index series has been updated with the recent monthly data available from the Land Registry. The latest figures indicate that house prices rose by 0.5% in May and by 5.4% over the past 12 months.

The FT House Price Index comprises the published Land Registry house price data, seasonally and mix adjusted by Acadametrics, combined with an “Index of Indices” model in order to account for transactions not yet reported to the Land Registry. The FT House Price Index uniquely uses all of the Land Registry data, represents the most factual record available of domestic property prices in England and Wales and provides the best guide to the current trends in the housing market.

We calculate the FT House Price Index, on a seasonally and mix adjusted basis, as follows:

House Price Index Monthly Change % Annual Change %

May 2006 £203,080 203.7 0.5 5.4

Apr 2006 £202,099 202.7 0.4 4.5

Mar 2006 £201,201 201.8 0.3 4.0

Feb 2006 £200,580 201.2 0.7 3.5

Jan 2006 £199,114 199.7 0.6 3.6

Dec 2005 £197,904 198.5 0.4 3.3

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http://news.ft.com/cms/s/2cca2afe-f6f3-11d...00779e2340.html

FT index shows house price revival continues

by Chris Giles, Economics Editor

Published: June 9 2006 09:40 | Last updated: June 9 2006 09:40

House price inflation continued to pick-up last month, taking the annual rate to 5.4 per cent from 4.5 per cent in April, according to the Financial Times house price index.

The figures do not show a slowdown in the monthly rise in house prices with a 0.5 per cent increase in May, exactly the same as the average monthly increase to date in 2006.

There have been signs recently that the rapid rebound in the housing market, which started last Autumn, has begun to slow. Activity in the housing market has dropped a little with mortgage approvals in April nearly 8 per cent below the average of the previous six months and estate agents reporting moderating interest from new buyers

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This was expected, as mortgage approvals in the months before were quite strong.

Hi Jason

Very true, the FT index has the strongest correlation to the Haliwide at +2Months. So they are reporting the Approvals and the Haliwde numbers as at March. Expect another strong FT number next month, and then it will probably start to show signs of slowing IMHO.

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Hi Jason

Very true, the FT index has the strongest correlation to the Haliwide at +2Months. So they are reporting the Approvals and the Haliwde numbers as at March. Expect another strong FT number next month, and then it will probably start to show signs of slowing IMHO.

Personally I think the Haliwide index bounce around far too much, and there is too much emphasis and spin put on any one month. This is why I value the FT, Land Reg, ODPM index far more. However, it does show there has been an upturn, but I expect it to fizzle out in the coming months... I still strongly think buying now (especially as a FTB) is a bad move.

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Jason – You can see how the FTHPI-MA (light green) is much smoother than the others – to some extent this is helpful as it reduces the noise but it can also mask some important features. But interesting that it’s diverged from the ODPM-MA to meet up with Rightmove. Tracks roughly above Haliwide as implied by the mean/median ratio.

Halifax/Nationwide/ODPM-MA/FTHPI-MA/Rightmove, as of June/06

1252934.jpg

Source: http://www.houseprices.uk.net/graphs/

Edited to include KoN's 2001-2002 RM data :)

Edited by spline

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Spline

He is the rightmove data back a bit further than you have, if you want to but it into your excellent graph?

Rightmove (England & Wales)		2001		PriceAug		£122,990Sept 		£123,919Oct		£126,088Nov		£127,004Dec		£127,8332002		Jan		£122,910Feb		£128,452Mar		£131,050April		£136,986May		£141,343June		£145,185July		£146,826Aug		£147,957Sept 		£151,429Oct		£155,467Nov		£155,199Dec		£156,084

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Great bit of solid information. Rah.

Those graphs together show the differences between each of the VI stat producers, but overall demonstrate the same direction & trend. This is good stuff from a fact perspective. Now we are educating.

However, we want those graphs going the other direction. Bottom.

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Spline

He is the rightmove data back a bit further than you have, if you want to but it into your excellent graph?

Excellent - Thanks kingofnowhere. And now added to the graph, reposted above. :)

The extended Rigthmove data shows that it's the ODPM-MA that's diverged down slightly, or rather that we can group them: Rightmove + FTHPI-MA + Halifax; and ODPM-MA + Nationwide.

Edited by spline

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  • 301 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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