Land Registry August: + 0.3% MoM, +6.7% YoY

Joeskeppi wrote: »

I can't help but notice that ever since you bought a house your predictions of neverending house price drops and carnage for the UK in general ended rather abruptly.

I do sometimes wonder what's between your ears. Not much grey matter that's for sure. I bought a house because I realised a second crash was unlikely.

This is the last time I will respond to your childish b0ll0x again nollag2006, I will just say to others viewing this thread, and indeed any other thread that nollag2006 has posted in. He is totally wrong about who I am , and someone who jumps down a new posters throat and posts pathetic jpegs to back up his so-called findings is so full of excrement that any potentially viable post by them is tainted by there utterly-blinkered view. Nollag2006 your posts are so worthless they are worse than no post at all. Grow up and join the debate in a meaningful way you complete Phukwit.

Good day.

To add something constructive to this thread, isn't it a bit foolhardy to take these LR figures as an indicator of future house prices.

We know there are compared to previous years very few transactions going through in the past few months and as such these figures are not representative of a 'normal' housing market.

It is presumably good sense to note that the transactions going through are the 'pick' of the market, while the bulk of the houses on the market are not shifting.

Ok lets assume that 75% of the houses on the U.K. market are not going to sell before Christmas ( a reasonable figure in my opinion ). What effect do you think that is going to have on the price of the houses that remain on the market ?.

Again the answer seems simple to me, a price reduction across almost all of the board (Some vendors will not budge on price ever ) . Am I wrong, if you think so explain why.

To move away from mere speculation I have monitored the prices of houses extremely closely for the past 18 months ( houses within a 10 mile radius of Tonbridge ). And whereas a year ago EA's were putting all houses on their books on at what I regarded as optimistic prices, now, I am seeing 50% that are still optimistically priced and the remainder at reduced levels, a number of which were previously at the optimistic levels.

I know this isn't exactly a scientific approach but I am confident enough in my personal monitoring of the market to say that I think house prices will fall from now onwards and for the next 24 months +/- and more than just seasonal variations.

The great thing about predictions is that in 6 months I will have some idea of whether im right or wrong , my viewpoint is hardly original, it is shared by many people, soon (already ?) it will be shared by most.

I am confident of my view, time will I think verify it.

Wookster wrote: »

hamish is desperate.

Desperate for what?