Monday, April 28, 2008

March Land Registry Report

March 2008 House Price Index

Wales and England......MoM; -0.4%. YoY; +3.6%. Wales and East Midlands [b]YoY NEGATIVE[/b]

Posted by geed @ 11:14 AM (1603 views)
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11 thoughts on “March Land Registry Report

  • Islington -1.7% Poor Rosie Millard!

    Camden -0.8%
    Kensington and Chelsky -0.8%

    my God! It is happening!!!

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  • Transactions in London are 36% down vs previous month and over 50% down versus peak in the summer
    Expensive properties are hit as well
    “The number of properties
    sold in London for over £1
    million decreased by 24 per
    cent between January 2007
    and January 2008, from
    323 to 245.”

    it is a truly ARMAGEDDON down here!!!!!

    AH HAHHAHAH HHAHAHHAAHHHAAHH HAHHAHAHHAHHAHAH

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  • What makes me suspect that London is all set for a price implosion, that having bucked the trend slightly will now lead the collapse?

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  • Sorry about the funny formatting b bracket thingos, I think i copied some text from the forum. Interesting stuff huh. This is 2-3month old data, so we are talking February transactions? Does anyone know when the Resgistry of Scotland publish their figures based on LR numbers?

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  • Remember everyone laughing at that audi tt chap who went into buy to let in Hackney since he sold his council house under the right to buy scheme. Who is laughing now. 3.2% rise in a month!

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  • Maddison,

    With so little activity in the market, the figures for individual boroughs will swing widely, depending on the size of the properties that happened to actually sell in any given month. Those for the capital as a whole are much more relevant.

    You can also argue that Hackney’s newest BTLer is paying too much…

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  • I notice the beeb is carrying this report, but not the one by Hometrack that shows a YoY fall..

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  • See page 13 of the document…..house sale levels down 40% across some valuation brackets – very telling!

    The slice of the cake for some estate agents must be getting pretty thin.

    old, but a classic http://www.youtube.com/watch?v=YkdixpOvQzs

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  • Maddison,
    I am laughing at the TT chap!

    3.5% in a month!? A huge millstone around his neck! wait the next month!
    AH HHAHHAH AHHAHAHAHH AHAHHAHAH

    http://www.thisislondon.co.uk/standard/article-23480856-details/Once+red-hot+property+market+hits+big+freeze/article.do
    Once red-hot property market hits big freeze

    London’s once red-hot housing market is now frozen in a property ice age, with fearful buyers either reluctant or unable to commit themselves.

    At a time of year when estate agents should be at their busiest, the number of houses and flats changing hands this spring is between 30 and 50 per cent down on last year, according to analysis by the Evening Standard.

    It is a potential disaster for the thousands of estate agency branches around the capital and could keep the market in limbo for months or even years.

    AHH HA H AHHAHAHHAHAH
    MUAH HAHAHHAHAHHAHAHH

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  • RJ

    Note also on p.13 that the price band with greatest decline in activity is the prime FTB/BTL territory of £150,000 – £200,000 – down 44%

    This is kicking away the base of the housing ‘ladder’

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  • Hey Maddison yes you are right!! Hackney looks great! Let us know when you have completed and we can track your purchase for real. Let me think though Gentrification areas outside a capital which is about to shed thousands of jobs – does that matter? Nah course not, lets go for a portfolio : poplar, hackneyand why not stratford (in time for the olympics).

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