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Land Registry DOWN again in May.
skap7309
Posts: 874 Forumite
Still to see a rise on LR figures after all the VI spin and positive growth from Haliwide - negative 0.2% fall MoM, -15.9% YoY
http://uk.reuters.com/article/idUKTRE55P2CG20090626
http://uk.reuters.com/article/idUKTRE55P2CG20090626
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Then again they are just coming out of winter on there, 4 months behind
A link at the bottom of your link
suggests that prices will bottom at -24%.
Average house prices are seen falling 8 percent this year, after already sinking 16 percent in 2008, but are likely to remain flat in 2010, the poll of 35 analysts at banks, investment firms and consultancies found.
http://uk.reuters.com/article/idUKLNE55O02U20090625'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Still to see a rise on LR figures after all the VI spin and positive growth from Haliwide - negative 0.2% fall MoM, -15.9% YoY
http://uk.reuters.com/article/idUKTRE55P2CG20090626
that's a whopping massive 0.2%
Timber!!0 -
Now calm down there Chucks old bean, you havent adjusted for inflation.0
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Still to see a rise on LR figures after all the VI spin and positive growth from Haliwide - negative 0.2% fall MoM, -15.9% YoY
You'll be in luck when the LR catches up then.
Are some people not aware it's behind or do they ignore that fact on purpose?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
ruggedtoast wrote: »Now calm down there Chucks old bean, you havent adjusted for inflation.
don't you mean deflation Mr tugged roast?0 -
Hahahaha from - http://news.bbc.co.uk/1/hi/business/8120647.stm
So you mean 'less than half'?The Land Registry also said that the average number of property transactions totalled 31,091 between December of last year and March, more than half less than the 64,674 a year earlier.
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Thought it was a quarter behind = 3 months?
Now it's four months?
Were in July nearly, and it's reporting may, I make that max of 3 months?
Therefore, it doesnt tally the Nationwide figures, but tallies with Halifax figures.0 -
A 0.2% fall in the middle of the 'spring bounce'. That's massive. Just imagine the plunges we can expect in the cold winter months. You're going to see alot more of this word in coming months. :T
Timber!!!!!Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
Graham_Devon wrote: »Thought it was a quarter behind = 3 months?
Now it's four months?
Were in July nearly, and it's reporting may, I make that max of 3 months?
Therefore, it doesnt tally the Nationwide figures, but tallies with Halifax figures.
Nationwide and Halifax are pants.
The LR numbers get revised up to about 4 months behindHistorical data published as part of the HPI are revised primarily for two reasons:
Data capture lag
There is a time-lag between the sale of a property and the subsequent registration of this information with Land Registry. This means the transaction data for the previous month will be incomplete when the monthly report is prepared. The missing data is included as it becomes available.
HPI based on repeat transactions
When Land Registry publishes its HPI reports each month, the index represents the best available view on historic house price movements at the time. As new information becomes available, the published indices are revised to reflect any new data. It is seen as statistical best practice for time-series indices to restate historic data as new information becomes available.
http://www1.landregistry.gov.uk/kb/Default.asp?ToDo=view&questId=341&catId=320 -
Graham_Devon wrote: »Thought it was a quarter behind = 3 months?
Now it's four months?
Were in July nearly, and it's reporting may, I make that max of 3 months?
Therefore, it doesnt tally the Nationwide figures, but tallies with Halifax figures.
Do you not understand how these things work
May LR figures = roughly mortgages agreed Haliwide months earlier. 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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