Veritas Posted July 7, 2006 Share Posted July 7, 2006 They kept this little one quiet. On page 5 of http://www.nationwide.co.uk/hpi/historical/q2-2006.pdf Then again it must be a mistake, surely prices only ever go up. Quote Link to comment Share on other sites More sharing options...
mikthe20 Posted July 7, 2006 Share Posted July 7, 2006 They kept this little one quiet. On page 5 of http://www.nationwide.co.uk/hpi/historical/q2-2006.pdf Then again it must be a mistake, surely prices only ever go up. The Guardian report that on the front page today (in small letters at the bottom "House prices suffer biggest falls for years") - but still, hasn't gone unnoticed by at least one newspaper Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted July 7, 2006 Share Posted July 7, 2006 They kept this little one quiet. On page 5 of http://www.nationwide.co.uk/hpi/historical/q2-2006.pdf Then again it must be a mistake, surely prices only ever go up. We in Nottingham are getting used to being bottom of the table, but this time I don't mind ! Quote Link to comment Share on other sites More sharing options...
tahoma Posted July 7, 2006 Share Posted July 7, 2006 I can believe it. I live in Nottingham, and there is a real rash of the 'City Living' plague here. Many are going to get stung. Some places have been stagnant or falling since 2002. Check out these beauties. Yes, those dates are in descending order. Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted July 7, 2006 Share Posted July 7, 2006 Link to Guardian article Nottingham outlaws are robbing the 'hood Quote Link to comment Share on other sites More sharing options...
BoredTrainBuilder Posted July 7, 2006 Share Posted July 7, 2006 We in Nottingham are getting used to being bottom of the table, but this time I don't mind ! Not for crime, me duck. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted July 7, 2006 Share Posted July 7, 2006 Grim Upnorth with some of the biggest falls--even once booming Leeds is near the top of the fall table at -2%. Nottingham may be suffering after the report showed it was the city with the 2nd highest rate of crime. ODPM says my area of the W Midlands was down 8.2% for the year. It will be interesting to see if that trend has continued when the latest LR report is issued. Employment is the problem in this area with car manufacturing shutting down and moving overseas. The collateral damage is far worse than the car jobs alone may have suggested. One thing is now for certain, the market is turning with just the fringes of Scotland and Ireland still stuck in the hyper-inflation mode. People have had a very long notice period to get out if they are at risk in the downturn. That sell window is closing quite rapidly now. Quote Link to comment Share on other sites More sharing options...
Patience is a virtue isn't it! Posted July 7, 2006 Share Posted July 7, 2006 I can believe it. I live in Nottingham, and there is a real rash of the 'City Living' plague here. Many are going to get stung. Some places have been stagnant or falling since 2002. Check out these beauties. Yes, those dates are in descending order. Apartment 4 lost £60k in 3 years. Great Investment Quote Link to comment Share on other sites More sharing options...
wriggly Posted July 7, 2006 Share Posted July 7, 2006 Of course, the correct headline should read: House prices enjoy biggest fall for years. Smaller is better. Quote Link to comment Share on other sites More sharing options...
HPCheese Posted July 7, 2006 Share Posted July 7, 2006 Apartment 4 lost £60k in 3 years. Great Investment That's beautiful. There are no pictures but I think I can pretty much guess what those flats look like. Northern Ireland's gone nuts though. Why? Did the Belfast Telegraph run an article on how to become a BTL millionairre around a year ago? Quote Link to comment Share on other sites More sharing options...
MEtallic Posted July 7, 2006 Share Posted July 7, 2006 Well, if you look at the table on page 3 of the Nationwidre report, a YOY increase of 5.65% for the UK is only 3.51% in you strip out Scotland and Northern Ireland. 3.51% is only just above the 'official' inflation rate and probably well below real inflation. Quote Link to comment Share on other sites More sharing options...
Duplex Posted July 7, 2006 Share Posted July 7, 2006 What makes property inflation in N. Ireland even more obscene is the state of the dependency economy in which the bubble has grown. It is quite extraordinary how far from reality the mania has driven prices. David Mc Williams on the North’s economy; According to a new study, the Northern economy now relies for a remarkable 71.3pc of its economic output on the public sector, by far the highest proportion in the western world. Economists at the Centre for Economics and Business Research (CEBR), who carried out the study, have also warned that this dependency is growing (if that were possible). THEY reveal that comparable figures in the rest of Britain show the next most dependent region in the UK is Wales, where public spending is equal to 62.4pc of its economic output. At the other end of the spectrum, London had a mere 33.4pc public sector share of Gross Domestic Product. According to the OECD, the Republic's comparable figure is 31pc. Northern Ireland is now a junkie economy, hopelessly addicted to handouts from the British exchequer. It is difficult to see how it can wean itself off. Far from benefiting from an economic "peace dividend", the North has become progressively more reliant on handouts. In the past, when the IRA were bombing and maiming, it was possible to explain the North's financial neediness on the "war". David Mc Williams Quote Link to comment Share on other sites More sharing options...
Irkuiem Posted July 7, 2006 Share Posted July 7, 2006 Doesn't the Monkey live in Nottingham. He will be happy Quote Link to comment Share on other sites More sharing options...
Mrliberty Posted July 7, 2006 Share Posted July 7, 2006 Ahh, The fair city of Nottingham. Home of Mr Liberty. Enough people in Nottingham here to warrant a celebratory drink pub meet? Quote Link to comment Share on other sites More sharing options...
George Posted July 7, 2006 Share Posted July 7, 2006 gun capital of uk. nice. Quote Link to comment Share on other sites More sharing options...
Northern Monkey Posted July 7, 2006 Share Posted July 7, 2006 As I mentioned on one of my previous posting's yesterday - a friend of mine just buying a new build (show home) in Beeston is having to wait until at least November to be able to move in as the other plots haven't attracted any interest at all for over a month! Quote Link to comment Share on other sites More sharing options...
AteMoose Posted July 7, 2006 Share Posted July 7, 2006 (edited) The stats from 'home' look great, nottingham seems to have been slipping for a while and it looks like the pace is picking up. Semi detached property appears to be holding, all other stock seems to be slipping... http://www.home.co.uk/guides/house_prices_...mp;endyear=2006 Edited July 7, 2006 by moosetea Quote Link to comment Share on other sites More sharing options...
Pakard Posted July 7, 2006 Share Posted July 7, 2006 (edited) The stats from 'home' look great, nottingham seems to have been slipping for a while and it looks like the pace is picking up. Semi detached property appears to be holding, all other stock seems to be slipping... http://www.home.co.uk/guides/house_prices_...mp;endyear=2006 It gets even better. Paragon Mortgages BTL Index Jun 2006 show return on initial investment since 2005 for East Midlands is down -15.38% (-£27,306 / year) Headline!!! RENTS REMAIN STABLE AS LANDLORDS CONTINUE TO BUY... and loose the money Paragon Stat Pages Edit: Map attached Edited July 7, 2006 by Pakard Quote Link to comment Share on other sites More sharing options...
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