Friday, Sep 27, 2019

Autumn Bear food

Mortgage Strategy: Prices fall on 40% of resi homes: ONS

The median price paid for residential properties fell by 40.2 per cent in the year ending March 2019, according to the Office for National Statistics. A report published by the ONS shows that this figure has been steadily increasing since 2017, when it was 29 per cent, before it rose to 36 per cent in 2018. Looking at property type, flats and maisonettes fell in value by the largest amount, averaging a decline of 10.3 per cent on the previous year. In London, the housing market value fell by 9.5 per cent, which represents the largest decline in all regions in England and Wales, the data shows.

Posted by jack c @ 11:19 AM (969 views)
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2 Comments

1. magnifico said...

One of many articles pointing at a downward trend. They are not making the headlines as Brexit gets the lion share at the moment.

Friday, September 27, 2019 06:07PM Report Comment
 

2. stillthinking said...

Is this a joke ridiculing the journalist? He has misunderstood the statistics. So the ONS have ordered the sold prices ranking from cheapest to most expensive year ending March 2018. They have then mapped these on the same ranking of sold prices for year ending March 2019.

i.e. A= median cheapest 1/26th (bottom 26th) of year ending March 2018 compared to same thing for year ending March 2019.
Do for all the letters. The next cheapest 1/26 of sold prices called B etc
Then compare all of them. 40% went down.

That does not lead to this;
"The median price paid for residential properties fell by 40.2 per cent in the year ending March 2019, according to the Office for National Statistics."
Which is entirely and obviously ludicrously false by any interpretation.

So within this comparative ranking of sold prices they -have- increased for 60% of properties.

Mortgage provider Chris Sykes concludes its a good time to get a mortgage :)

Monday, September 30, 2019 03:48AM Report Comment
 

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