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MSE News: Halifax: house prices down 1.5% in February
Former_MSE_Archna
Posts: 1,903 Forumite
This is the discussion thread for the following MSE News Story:
"The lender attributed the fall to the bad weather and the end of the stamp duty holiday ..."
These threads have been merged to avoid duplication. Thanks to Really2 for theoriginal post.
"The lender attributed the fall to the bad weather and the end of the stamp duty holiday ..."
Read the full story:
Halifax: house prices down 1.5% in February
Halifax: house prices down 1.5% in February
These threads have been merged to avoid duplication. Thanks to Really2 for theoriginal post.
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Comments
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I presume this will be put down to weather and stamp duty?
A bit of negative noise for a change
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Yeah, noise.
edit: I like saying noise. It makes me sound all nonchalant and sort of sophisitcated graduate of Generali school of economics.0 -
lostinrates wrote: »Yeah, noise.
edit: I like saying noise. It makes me sound all nonchalant and sort of sophisitcated graduate of Generali school of economics.
It won't be VI, Spin this month though 0 -
lostinrates wrote: »Yeah, noise.
naaah it's the Spring bounce!0 -
I presume this will be put down to weather and stamp duty?
A bit of negative noise for a change
Absolutely.
December sales were hugely up due to people rushing in to beat the stamp duty, and Jan sales well down due to that, and the weather.
And of course, it's winter. Prices are supposed to be falling, like they do in most winters.;)
Which is why, bulls and bears alike, we have all been predicting for some time now that prices would indeed fall back a bit over winter. SO it's hardly a surprise when they do.
The real test is not the Jan/Feb numbers, but what is happening come March and April. That's when we'll know if the spring bounce is picking up steam, or whether people are delaying to see what happens with the election.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »The real test is not the Jan/Feb numbers, but what is happening come March and April. That's when we'll know if the spring bounce is picking up steam, or whether people are delaying to see what happens with the election.
I agree with you there chap.0 -
09:00 04Mar10 UK HALIFAX HOUSE PRICE INDEX -1.5 PCT M/M IN FEB (REUTERS POLL +0.3 PCT)
09:00 04Mar10 UK HALIFAX HOUSE PRICE INDEX +4.5 PCT IN 3 MONTHS TO FEB VS YEAR AGO (REUTERS POLL +5.0 PCT)
09:05 04Mar10 UK house prices fall 1.5 pct mm in Feb -Halifax
LONDON, March 4 - House prices in Britain unexpectedly fell 1.5 percent in February, the first drop since June last year, mortgage lender Halifax said on Thursday.
That left prices 4.5 percent higher in the three months to February compared with a year ago, with the average house price 8.0 percent above a low hit in April last year.
The average price of a home stood at 166,587 pounds.Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Halifax? Nationwide? Whether the figures are up or down i dont take any notice of them as they are based on a uk average of very low transactions.0
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