Saturday, May 2, 2015

+5.8% y-o-y but -0.8% m-o-m

March Market Trend Data

month old but reliable data shows horrendous 6% average national price increase, but encouraging -1% m-o-m fall since Feb. Large m-o-m falls in the NE but prices still rose between Feb and March in the SE. If only a bank or two would collapse now...

Posted by nickb @ 03:55 PM (6237 views)
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10 thoughts on “+5.8% y-o-y but -0.8% m-o-m

  • Enfield rose 15.9% yoy. On track for 20% plus once we get London Overground, May 31st.

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  • I look back here from to time to see thee mood.
    I’m staggered the same group of people still prach about the “upcoming 50% falls in house prices”.
    Anyone who listens to this and gets sucked in needs their head seeing too.
    It’s never going to happen!!!

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  • I see that sales volume is down 18% on last year (53,000).
    Given that there are about 15m owner occupied houses in England and Wales this means the market is about 0.3% of the houses and the average period of ownership is 280 years. Something doesn’t look right to me – possible my maths…

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  • Cyril,
    Not sure how you get to 280 years, but if the market is that small there would appear to be too many estate agents.
    N

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  • cornishman says:

    cyril, you need to divide your 280 by 12 – since the 53,000 relates to sales per month.

    Average ownership period then comes out at just over 23 years.

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  • @4/5 (and based upon sales in January which is probably the slowest sales month of the year).

    @2 It’s a pity that you bought in the late summer after most of that appreciation had already happened, but it’s nice to know that you’ve nevertheless found a way to be smug about it.

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  • Reticent, we bought at that point because cash then came available as did a job that could fund the purchase. Our location was in part related to this local factor of pipeline infrastructure investment.

    Those who invested in Hackney prior to Silverlink being taken over by TFL to produce a new London Overground, plus the other Overground route via Dalston were quids in. TFL taking over the new routes into Liverpool Street should have a similar impact on the parts of Haringey and Enfield that they serve, and should also supercharge London Fields, Cambridge Heath and Bethnal Green. These huge swathes of London are not even on the map for most folk, but all of a sudden, every tube map points to these areas for the first time.

    TFL’s marketing tool, the tube map, along with its vast service improvements, has boosted demand 400% for the Overground network. Impact could be more pronounced in Enfield because previously it had nothing, and yet more, if Crossrail 2 gets approved, the poorest part of Enfield along the West Anglia Mainline, gets a guaranteed upgrade to a high speed, high frequency link to the West End. Service levels will go from two to twelve trains per hour. Go figure the impact that will have on property values.

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  • @5 cornishman well spotted. Nice to know someone’s paying attention

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