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The Ir's Are Not Affecting Property Sales


teddyboy
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OK Guys just go to the link and see the diffecence that 12 months have made based on data compiled by www.home.co.uk

http://www.home.co.uk/guides/house_prices_...&lastyear=1

Please change it for your area and lets see the truth!!!

OK HERE'S LIVERPOOL - Go to link for full outcome, but here's a snippet

Number of Properties Sold in Liverpool

Nov 2005 Oct 2006 Change

Detached 100 82 -18%

Semi 404 316 -22%

Terraced 611 417 -32%

Flat 197 96 -51%

Average Property Selling Prices in Liverpool (£000's)

Nov 2005 Nov 2006 Change

Detached £249,260 £299,333 +20%

Semi £138,276 £146,081 +6%

Terraced £89,598 £91,304 +2%

Flat £129,282 £116,437 -10%

All £122,715 £126,008 +3%

Looks like flat sales are... well... FLAT!!!

TB

Edited by teddyboy
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OK Guys just go to the link and see the diffecence that 12 months have made based on data compiled by www.home.co.uk

http://www.home.co.uk/guides/house_prices_...&lastyear=1

Please change it for your area and lets see the truth!!!

If you look at Chelsea the house prices are up hugely but the number of sales per month over the year is in single digits for detached and semis. Not exactly representative samples, but good enough for the meedja !

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OK Guys just go to the link and see the diffecence that 12 months have made based on data compiled by www.home.co.uk

http://www.home.co.uk/guides/house_prices_...&lastyear=1

Please change it for your area and lets see the truth!!!

If you look at Chelsea the house prices are up hugely but the number of sales per month over the year is in single digits for detached and semis. Not exactly representative samples, but good enough for the meedja !

Jesus!!!!

It's all sales of FLATS!!!! NO wonder there is a strong rental market and immigrant CAN keep it going there!!!

If del-boy had only stayed in 'Nelson Mandela house' he would be a millionaire now ;)

TB

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I believe the figures for October 2006 may be incomplete - they're Land Registry figures so it takes forever for property sales to filter through to the statistics. So don't read too much into low volumes in October.

This is a valid point, but the trend based on WHAT IS IN at the moment shows PRICES ARE DROPPING in the flats market (ie BTL)!!! I think this is key to the downfall. Take the specuulation out of the market and it will be hard to support. Only my opinion of course!!

agree?

TB

Just took an price sample for October/Novermber 2006 - The latest data

http://www.home.co.uk/guides/house_prices_...mp;endyear=2006

Average Property Selling Prices in Liverpool (£000's)

Oct 2006 Nov 2006 Change

Detached £235,143 £299,333 +27%

Semi £150,397 £146,081 -3%

Terraced £99,411 £91,304 -8%

Flat £146,544 £116,437 -21%

All £134,281 £126,008 -6%

Edited by teddyboy
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This is a valid point, but the trend based on WHAT IS IN at the moment shows PRICES ARE DROPPING in the flats market (ie BTL)!!! I think this is key to the downfall. Take the specuulation out of the market and it will be hard to support. Only my opinion of course!!

agree?

Prof Miles, one of this country's most senior economists agrees...50% of all market activity according to him. I also live in the canterbury area and am very suprised by the date above...-15% on terraced houses between nov 05-06. Still, it's hard to find a decent 3 bed terraced in canterbury for anything under 225,000. <_<

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For Birmingham:

Nov 2005 Nov 2006 Change

Detached £282,744 £263,043 -7%

Semi £149,495 £151,806 +2%

Terraced £124,336 £125,513 +1%

Flat £139,696 £112,723 -19%

All £144,770 £141,599 -2%

Detached houses down by 7% - c'maaaan!!! :D

Edited by sossij
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In Hove prices are up 10-30%, but volumes are down 30-50%, that says it all really, and the trend has been for declining volumes since 2004. I suspect that we will soon since falls with small volumes, and these falls could be equally as exaggerated due to desperate sellers. There are loads of For Sale signs around here at the moment.

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almost 100% red for St Neots, Cambs

Prices -

http://www.home.co.uk/guides/house_prices_...&lastyear=1

Nov 2005 Nov 2006 Change

Detached £239,678 £216,500 -10%

Semi £156,444 £155,665 -0%

Terraced £136,778 £134,750 -1%

Flat £170,487 - -

All £179,225 £173,249 -3%

#sales has plumetted -

Nov 2005 Oct 2006 Change

Detached 20 13 -35%

Semi 18 12 -33%

Terraced 18 15 -17%

Flat 4 8 +100%

edit: low sales maybe explained by land registry as posted above

Edited by Snagger
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I'm afraid there seems to be something seriously wrong with this data. It says that detached houses in my postcode (BB4) have dropped by 54% from 311k to 145k.

First anyone round here's heard of it.

It feels like nobody's got their brain engaged. I can assure you detached houses in my street have NOT dropped 54%.

The data is wrong.

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Keep clutching at those straws.

In my area, prices are very much up. Sales volumes may be down over this particular period, but if you set the start date to say 5 years ago you'll see that the November dip is just a seasonal feature - it happens every year.

Edit: Having said that, it does look a bit low. As others say, the data for November may be a partial month. Prices still up anyway.

Edited by DaggaDagga
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There's your crash hebeje... time to buy a semi?

Look at the data for an area you know well. I have & in my part of Greater London it is not creditable - detached houses have not dropped nearly 50% & flats have not gone up 198% in the same postcode.

Move on, nothing to see here.......

Edited by volvos60
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It feels like nobody's got their brain engaged. I can assure you detached houses in my street have NOT dropped 54%.

The data is wrong.

It's hardly a massive sample though is it?

If you look on the website for your postcode you get a whole 9 detached houses sold in October. If a couple of those were towards the bottom end of the market then that could easily drag the average down.

There's nothing wrong with the data, it's simply that you're looking at too small a picture.

Edited by ImA20SomethingGetMeOutOfHere
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There's your crash hebeje... time to buy a semi?

Would love to but we're going to wait a bit longer, we've been watching a couple of places that have been on the market since this time last year and still unsold despite being reduced by 20k (£200k down to £180k).

My current landlady has just served us notice and wants to sell this flat ASAP, apparently to invest the money into her husbands business, but the numbers don't add up to me. I think she thinks the game is over and wants to get out as soon as poss. She was a mortgage advisor until before Christmas, but left the job (possibly let go/made redundant - again I'm not sure I believe the story)....

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Average Property Selling Prices in Hereford

Nov 2005 Nov 2006 Change

Detached £262,587 £266,444 +1%

Semi £161,545 £176,594 +9%

Terraced £131,190 £158,700 +21%

Flat £139,497 £73,000 -48%

All £167,227 £191,164 +14%

Median Property Selling Prices in Hereford

Nov 2005 Nov 2006 Change

Detached £236,000 £280,000 +19%

Semi £160,000 £171,250 +7%

Terraced £126,250 £137,250 +9%

Flat £124,500 £73,000 -41%

Number of Properties Sold in Hereford

Nov 2005 Oct 2006 Change

Detached 19 - 9 -53%

Semi 31 - 19 -39%

Terraced 30 - 33 +10%

Flat 20 - 9 -55%

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