Friday, October 28, 2011

-0.3% MoM -2.6% YoY

September Index

"The September data shows a continuation of negative monthly price change. The rate of annual change of -2.6 per cent is on a similar level to the past five months. The average property price in England and Wales is now £162,109. This compares with the same time last year when the average price stood at £166,364."

Posted by phdinbubbles @ 11:01 AM (4821 views)
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13 thoughts on “-0.3% MoM -2.6% YoY

  • Hartlepool experienced the greatest annual price fall with a movement of -18.3 per cent.

    The borough with the most significant annual price rise is Kensington and Chelsea, with a movement of 11.2 per cent.

    In the months April 2011 to July 2011, transaction volumes averaged 53,752 transactions per month. This is a decrease from the same period last year, when sales volumes averaged 58,672 per month.

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  • Rest of the country skewing the London figure, or London skewing rest of country’s figure, depending on your point of view.

    (Haliwide=NSA, LR=SA and shifted back to account for lag)

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  • ”dribbling down”

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  • London’s still positive, of course. *sigh*

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  • What we need is the Occupy protesters to move to Kensington and Chelsea for a month. That would put the breaks on London HPI.

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  • sibley's b'stard child says:

    Ho hum, another lacklustre but downward indicator.

    London still bucking the trend but seemingly in ever-decreasing circles. Looks like the mini-boom is now restricted to Zone 1 with outlying Zones either marginally positive YoY or even negative.

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  • I think most regulars on here know I’m Northern England based (County Durham to be precise) and there is a definite, visible, ongoing slide in prices up here – a guy I know has been buying (BTL) in the Teeside area over the last 18 months or so which I personally thought was a recipe for disaster – looking at the Hartlepool figure it seems I was right !

    As Drewster recently pointed out we have a two speed economy developing and the same (IMO) applies to the housing market – strip out London (or maybe the wider South East) and the trend is most certainly downwards.

    Top stuff as usual on the chart PHD

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  • mark wadsworth says:

    There was a young woman from Bible
    For a mortgage that’s large she was liable
    But prices were falling,
    Transactions were stalling
    “Ah well” she said “At least all the YOY house price indices are looking reliable”.

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  • sorry khards – just realised that you had already posted the same article

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  • Thecountofnowhere says:

    When London goes…it will be carnage all over.

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  • sibley's b'stard child says:

    There was a lass from ‘Boro called Fay
    Her home was devaluing by the day
    It fell by 10% in one year
    She was massively in arrears
    But she was determined she wouldn’t give it away

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  • Londoners aren’t getting richer, and soaring rents are likely to persuade our George to get even tougher on HB, and oblige HB claimants in the capital to re-locate to suburbia or beyond. Non-HB renters in the capital are also likely to be looking at their rental payments, and contemplating a longer commute

    Meanwhile, when Arabia settles down (which may be happening already) the rich and panicky of the gulf and barbary coast will stop looking for boltholes, and may start selling the ones they’ve bought of late.

    So my guess is that the party in London may run out of steam quite soon..

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  • crash bandicoot says:

    In the rampant HPI era, double digit linear growth meant that the house would buy itself (or the gain in value would exceed interest payments at least). Now that those days are gone more people must be thinking that £162k is quite a lot to be finding out of their own pockets. Coughing up real earned money tends to focus your mind that way.

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