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Dclg House Price Index - May 2008

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This part is hard to believe:

The fall in UK prices between April and May 2008 can be attributed to decreases in average prices for detached houses (2.1 per cent), bungalows (1.0 per cent), terraced houses (0.6 per cent) and semi-detached houses (0.4 per cent each). The fall is offset by an increase in average prices for flats (3.2 per cent).

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I thought this bit was interesting:

may 2008

'The average price paid by first time buyers across the whole of the UK was £162,666 in May, while the average price paid by former owner occupiers was £251,075.'

looking back at last years figures:

may 2007

'The average price paid by first time buyers across the whole of the UK was £162,055 in May, while the average price paid by former owner occupiers was £235,095.'

So price for 1st time buyers have not really increased at all, but for former owners they have gone up about 6.8%.

Yet the rate of growth is given as 3.7%.

Thats why i dislike these indexes, none of the figures ever add up because all of the seasonal adjustment and mix-adjustment

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This part is hard to believe:

The fall in UK prices between April and May 2008 can be attributed to decreases in average prices for detached houses (2.1 per cent), bungalows (1.0 per cent), terraced houses (0.6 per cent) and semi-detached houses (0.4 per cent each). The fall is offset by an increase in average prices for flats (3.2 per cent).

Maybe the civil servants who produce it have BTLs to worry about?

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  • 399 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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