Wednesday, February 27, 2013

Highly reliable data based on Government figures

41% of homes sold for a loss since 2007

Over 130,000 families have sold their home at a loss since 2007, representing 41 per cent of transactions in England and Wales. An analysis of housing transactions between January 2007 and January 2013 shows 131,442 were sold at a loss, with the average shortfall being £24,430 or approximately 11 per cent of the house price.

Posted by jack c @ 10:28 AM (2014 views)
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7 thoughts on “Highly reliable data based on Government figures

  • It’s a complete and utter lie.

    The total number of home sales in the six years 2007 to 2012 inclusive, there were 5,430,000 sales for £40,000 or above.

    So either the 41% is wildly overstated or the 131,442 is wildly understated, or chances are, they are both completely wrong.

    Our Lord and Saviour wept, honestly.

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  • Castle trust have a little explaining/clarifying to do, methinks.

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  • sibley's b'stard child says:

    Same thing happened in Soviet Russia, hard-working families were forced to sell at a loss.

    Fear not because help is at hand from Castle Trust.

    “Our shared equity loan, the Partnership Mortgage, can make a real difference to people’s lives by sharing the loss with them if they are one of the unlucky ones.”

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  • mark wadsworth says:

    Actually I might have done them a slight disservice there. If you read the small print, they are just looking at the very small number of homes which were acquired after Jan 2007 and resold before Jan 2013.

    Clearly, house prices have been pretty flat on the whole in those six years (up in some places, down in others) so by and large we’d expect half to be sold for a higher price and half for a lower price.

    But +3 anyway, this is all part of their propaganda to trick people into taking out “Partnership mortgages” with them.

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  • We know they are a bunch of VI’s flogging “Partnership mortgages” and it’s all a nonsense anyway as house prices only ever go up. Fortunately this kind of P poor article never finds it way into the Daily Fail or Daily Repress.

    Onwards and upwards (Now where has that button gone for turning on negative interest rates)

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  • “Castle Trust compiled the data based on Government figures. Chief executive officer Sean Oldfield says: ‘Since the downturn, over 130,000 families have made a loss on their home placing them under enormous financial and emotional pressures…'”
    Good god that’s insightful data… How the fart does he know that:
    a) it was “families” and not BTL investors or single people that were selling them?
    b) that it put them under ANY financial or emotional presure whatsoever? They might all be lottery winners for all he knows.
    Why do people spout such utter drivel and why does anyone publish it? FFS

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