ollie plimsolls Posted July 28, 2008 Share Posted July 28, 2008 (edited) LR PDF Edited July 28, 2008 by ollie plimsolls Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted July 28, 2008 Share Posted July 28, 2008 Express journalists please note: You are now clear to print another "house prices still going up" headline Quote Link to comment Share on other sites More sharing options...
time 2 raise interest rates Posted July 28, 2008 Share Posted July 28, 2008 But only ten houses have sold this year. Where have you been. Quote Link to comment Share on other sites More sharing options...
hostman Posted July 28, 2008 Share Posted July 28, 2008 Jolly good - The band wagon rumbles on. Quote Link to comment Share on other sites More sharing options...
tigsrenting Posted July 28, 2008 Share Posted July 28, 2008 This is more like it, I especially enjoyed Brighton and Hove -1.6% so if I'm right and this lags six months behind then it's more like -10%. Now let's see if the BBC are so quick to report on this as they were with the Daily Express tosh. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted July 28, 2008 Share Posted July 28, 2008 Their graph 'Average annual change in residential property prices' starts at 0%. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted July 28, 2008 Share Posted July 28, 2008 DONT READ THIS. prices are going to rise 25% soon !!! just hold onto your pants. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted July 28, 2008 Share Posted July 28, 2008 When do we start seeing minus figures for YoY? Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted July 28, 2008 Share Posted July 28, 2008 This month’s 2.5 per cent fall inLondon house prices is greater than the average for the country as a whole. But....but...I thought London was immune from HPC? Quote Link to comment Share on other sites More sharing options...
Jadoube Posted July 28, 2008 Share Posted July 28, 2008 This is more like it, I especially enjoyed Brighton and Hove -1.6% so if I'm right and this lags six months behind then it's more like -10%.Now let's see if the BBC are so quick to report on this as they were with the Daily Express tosh. Already on the BBC web site. Wrapped up around the NHF Express article and putting it in context. Hard to fault the BBC really Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted July 28, 2008 Share Posted July 28, 2008 I'm going to email the land registry to see if they are going to start using some new colours on their map of the country. Shades of red would do nicely - blood red for the biggest falls Quote Link to comment Share on other sites More sharing options...
kagiso Posted July 28, 2008 Share Posted July 28, 2008 I'm going to email the land registry to see if they are going to start using some new colours on their map of the country. Shades of red would do nicely - blood red for the biggest falls My thoughts exactly, the yellow is getting a bit dull. Did anybody notice that semis are actually leading with YoY falls. They are falling faster than flats or terraced properties at the moment. Quality property immune? Quote Link to comment Share on other sites More sharing options...
Neitherland Posted July 28, 2008 Share Posted July 28, 2008 But....but...I thought London was immune from HPC? Considering the population size and diversity of London I always feel its fairly futile looking at averages for the whole of it… Breaking down by borough is far more interesting. One figure I find amazing is Kensington and Chelsea – monthly up 1.1%, yearly up 14.3%. This borough might as well be on another planet, it no longer has any connection to the rest of the UK. I know about the 3 month delay in land registry figures but if it was still rising at 1.1 in March/April I can’t imagine it ever falling let alone falling year on year. Quote Link to comment Share on other sites More sharing options...
PropertyAnalyser Posted July 28, 2008 Share Posted July 28, 2008 (edited) When do we start seeing minus figures for YoY? Next Month. By my recconing, LR data only lags by about 3 months compared with HBOS, Nationwide and RM. The attached chart shows all four indices correlating well, and all four on a downward trajectory. Nothing has happened in the last two/three months to suggest the lagging LR data will do anything other than continue to follow the HBOS/Nationwide curves. PropertyAnalyser. P.S. Apologies for the poor formatting on the chart, exporting from Excel to .gif is a pain in the A$$. EDIT to say: I really should mention that the LR data in the chart has been factored so that it more closely follows the other data sets (for some reason it has much less pronounced swings, so I tweaked it to fit ) The tweaking doesn't affect the trend though, which is definitly going only one way. Edited July 28, 2008 by PropertyAnalyser Quote Link to comment Share on other sites More sharing options...
jock1967 Posted July 28, 2008 Share Posted July 28, 2008 I'm going to email the land registry to see if they are going to start using some new colours on their map of the country. Shades of red would do nicely - blood red for the biggest falls Does anyone have the link to that slide show thing of the map that changed colour indicating house price changes over time? Will be interesting to see all those red and pink areas cooling. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted July 28, 2008 Share Posted July 28, 2008 Considering the population size and diversity of London I always feel its fairly futile looking at averages for the whole of it…Breaking down by borough is far more interesting. One figure I find amazing is Kensington and Chelsea – monthly up 1.1%, yearly up 14.3%. This borough might as well be on another planet, it no longer has any connection to the rest of the UK. I know about the 3 month delay in land registry figures but if it was still rising at 1.1 in March/April I can’t imagine it ever falling let alone falling year on year. We shall see. What I find amazing is Hackney and Tower Hamlets up YoY 11.1% and 10.4% respectively!!! Those two boroughs are going to be toast in the coming years. Average house price in Hackney, £369k. Quote Link to comment Share on other sites More sharing options...
bearbullfence Posted July 29, 2008 Share Posted July 29, 2008 My thoughts exactly, the yellow is getting a bit dull.Did anybody notice that semis are actually leading with YoY falls. They are falling faster than flats or terraced properties at the moment. Quality property immune? Not so sure. When I search my street on Nethouseprices my house is incorrectly described as a terrace, a semi down the road is classed as detached. A terrace at the end is classed as a semi and a house that was converted to three flats has all the flat sales classed as semis. I think the LR house type classification data is quite poor. Quote Link to comment Share on other sites More sharing options...
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