Thursday, June 5, 2008

Has someone from HPC.co.uk infiltrated the Telegraph?

Average house prices fall by 10 per cent in less than a year

I like the headline, but claiming a 10% drop is still a little premature (next month, maybe).

Posted by richc @ 02:04 PM (1078 views)
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9 thoughts on “Has someone from HPC.co.uk infiltrated the Telegraph?

  • I can see a lot of wealthy girlfriends of Bankrupt BTLers (following the divorce) in the next couple months appearing on internet dating websites, looking for the next big thing. lol

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  • Her own figures show a drop of less than 8%. Are they knocking out these articles in under 5 mins?

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  • I know how annoyed I get with the Haliwide etc. showing a 4% fall and calling 2.5% etc.

    This does equally annoy me even if it is in our favour.

    It’s bad enough clever manipulation of figures but this is just head line grabbing of Daily Mail level.

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  • It is 7.7% in 9 months. That’s an annualised rate of just over 10%

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  • Sentiment is changing very fast infact is so fast……..i….i…need to …read the headlines again……Maybe a bit premature but i am not complaining.

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  • jonb – that may be so, but her figure isn’t annualised. Look again at the Telegraph headline.

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  • new user 2007 says:

    Whether the numbers are seasonally-adjusted (fudged) or annualised, or not, the main point is that the trend is clear, and that is down. From the peak I read it as a fall of 7.8%.

    I wonder how Mr ASSetz’ clients are going to thank him for his encouraging them to buy based on: “fundamentals”, “shortages” and the last six months was a buying opportunity for the “clever money”. Not to forget that “this time it is the same as 2005” (now that this is clearly not the case they will finally start to panic)

    They have seen their rents rise by 10% (according him et al) BUT interest costs by 25% (from 4.5% to 6%). AND a loss of some £16,000 in capital from the peak (the period from which he said was a buying opportunity).

    The faster him and his ilk are discredited the faster the market will return to trend. They aer about to realise leverage works both ways.

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  • The average home has fallen in value by more than £15,000 since the peak in August last year according to the latest Halifax house price report.

    Halifax house price graph June 2008
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  • what I most love about that graph … momentum 🙂 prices are going to slide and slide, and then expectations are going to lead where fundamentals won’t, sharply to the downside even of fair value. Then, finally, around 2010/11, it will be time to buy.

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