Friday, May 12, 2006

End of the London led mini-boom?

London property boom peters out

London’s turn-of-the-year surge in house prices has stalled, according to the Financial Times house price index, allowing the property market in other regions to catch up with the capital.

Posted by Uncle Chris @ 10:02 AM (677 views)
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3 thoughts on “End of the London led mini-boom?

  • Have to laugh at the Nationwide data.
    4 out of last 10 months show 0.1 as the increase.

    That 0.1 is a very popular number.

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  • Interesting the March revision is downwards. Historically thay have tended to be upwards as the more expensive houses incurred stamp duty and hence took longer to process.

    In terms of the 0.1% above, it would be interesting to see what effect seasonal adjustment has had. Nationwide recalculate this twice a year, so I would expect it to lag events in a changing market.

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  • Interesting the March revision is downwards. Historically thay have tended to be upwards as the more expensive houses incurred stamp duty and hence took longer to process.

    In terms of the 0.1% above, it would be interesting to see what effect seasonal adjustment has had. Nationwide recalculate this twice a year, so I would expect it to lag events in a changing market.

    Reply
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