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Mrs Perrin and I have had some heated discussions recently about what's going on with the land registry data. There seems to be either a problem with it or the EA's are playing tricks. What we've been seeing is properties going on the market in the streets around us, they have for sale signs outside them for a few weeks/months which are then replaced with 'Sold' signs. Then the signs disappear... Weeks, months pass but still there is no sign of any sales taking place according to http://www.ourproperty.co.uk/.

My question is :- has anyone else seen this near them? Is this a problem with the data on ourproperty site? Maybe even EA's hyping up the market by using 'Sold' signs when they're losing clients? These and many more Q's I hope you can answer for us. :)

Incidently this site has kept us going through all the years of madness in the housing market.

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I think it's fairly well known that in the last crash, EAs would put up SOLD signs outside their own houses, relatives' houses - and even strangers' houses - for a bit of publicity.

However it's probably down to chains falling through which would not affect the LR figures, because no transaction would take place.

It might make the Halifax/Nationwide figures look good though, since they're based on mortgage approvals so it doesn't make any difference whether the sale goes ahead or not.

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Mrs Perrin and I have had some heated discussions recently about what's going on with the land registry data. There seems to be either a problem with it or the EA's are playing tricks. What we've been seeing is properties going on the market in the streets around us, they have for sale signs outside them for a few weeks/months which are then replaced with 'Sold' signs. Then the signs disappear... Weeks, months pass but still there is no sign of any sales taking place according to http://www.ourproperty.co.uk/.

My question is :- has anyone else seen this near them? Is this a problem with the data on ourproperty site? Maybe even EA's hyping up the market by using 'Sold' signs when they're losing clients? These and many more Q's I hope you can answer for us. :)

Incidently this site has kept us going through all the years of madness in the housing market.

It can take months for the sales figures to appear in the land registry stats. For example, we purchased a house last year. Sale was agreed in April, We completed in August, and the sale finally appeared in the land reg stats in November. The reason for the delay from August to November was that our solicitor hadn't filed the necessary forms (or paid over the stamp duty). There is no time limit on them to do so, so they hold on to it for as long as possible, meanwhile earning themselves interest on the money!

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It can take months for the sales figures to appear in the land registry stats. For example, we purchased a house last year. Sale was agreed in April, We completed in August, and the sale finally appeared in the land reg stats in November. The reason for the delay from August to November was that our solicitor hadn't filed the necessary forms (or paid over the stamp duty). There is no time limit on them to do so, so they hold on to it for as long as possible, meanwhile earning themselves interest on the money!

I have noticed it takes forever for the LR data to be updated. Surely this would then feed heavily into the idea of the large cruise ship sinking analogy as the bad news would be months yet to come.

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Mrs Perrin and I have had some heated discussions recently about what's going on with the land registry data. There seems to be either a problem with it or the EA's are playing tricks. What we've been seeing is properties going on the market in the streets around us, they have for sale signs outside them for a few weeks/months which are then replaced with 'Sold' signs. Then the signs disappear... Weeks, months pass but still there is no sign of any sales taking place according to http://www.ourproperty.co.uk/.

My question is :- has anyone else seen this near them? Is this a problem with the data on ourproperty site? Maybe even EA's hyping up the market by using 'Sold' signs when they're losing clients? These and many more Q's I hope you can answer for us. :)

Incidently this site has kept us going through all the years of madness in the housing market.

I reckon its sales that have fallen through (happening a lot it seems). The 'sold' sign is usually put up as soon as an offer is made and accepted not when contracts have been exchanged.

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It can take months for the sales figures to appear in the land registry stats. For example, we purchased a house last year. Sale was agreed in April, We completed in August, and the sale finally appeared in the land reg stats in November. The reason for the delay from August to November was that our solicitor hadn't filed the necessary forms (or paid over the stamp duty). There is no time limit on them to do so, so they hold on to it for as long as possible, meanwhile earning themselves interest on the money!

Sorry to be pedantic but this is not strictly true. If you don't pay the SDLT within 30 days of completion you incur a fine of £100.

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Sorry to be pedantic but this is not strictly true. If you don't pay the SDLT within 30 days of completion you incur a fine of £100.

That makes sense otherwise you would hold onto it forever getting 6% interest or invest it in a BTL ;)

So the question is - why does it take so long to get figures on the LR data. Maybe it is that sales fall through.

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That makes sense otherwise you would hold onto it forever getting 6% interest or invest it in a BTL ;)

So the question is - why does it take so long to get figures on the LR data. Maybe it is that sales fall through.

There tends to be a couple of months at least between sale agreed and completion. The Land Register is updated about a month after completion and the figures from the Land Registry are produced a month after that.

The bottom line is that it tends to be at least 4 months after agreeing the price that the figures filter through to the LR data and can be much longer if transactions are drawn out

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