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MSE News: Land Registry: house prices down 0.2% in May
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"Typical property values fell on a month-by-month basis, but also annually for the first time in over a year ..."
"Typical property values fell on a month-by-month basis, but also annually for the first time in over a year ..."
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Comments
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It would seem a level stagnation might be setting in, good to see as I am trying to get a deposit together right now.
Still hoping for further reductions to correct the market but not going up is good enough I suppose.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
I dont think there will be a significant rise any time soon, I'm trying to get a deposit together as well. Alongs house prices don't go ridiculously high, then i am happy
Hostie
xxSaving for a deposit for a place of my own.....:jSavings so far £29,450/£40,000:j 73.6% SAVED!!!1poll £23.90/£40.00 (claimed 1x£40)No Monthly Car Payments left! Paid off on the 5/11/10!0 -
It would seem a level stagnation might be setting in, good to see as I am trying to get a deposit together right now.
Still hoping for further reductions to correct the market but not going up is good enough I suppose.
Agree that stagnation may almost be upon us. All the risk in house prices is downward. Biding ones time and saving is is the best option.0 -
Damn, think I should go back to my seller and ask them to knock £124 of my £62k accepted offer?
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I'd save £125 if I did the same.jockosjungle wrote: »Damn, think I should go back to my seller and ask them to knock £124 of my £62k accepted offer?
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I'd withdraw your offer.0
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Don't want to be in negative equity on my first house!
Seriously though, how can we take these statistics? I was under the impression that house prices are on the rise, I'm guessing this is just a different measure (land reg and not a mortgage provider) and has less to lose if house prices are not on the rise
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It all means nothibng in many respects as its all an average, some areas will be up while others are down. Of course it shows an overall slow down which can only be a good thing.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
You can see a breakdown of each county in the report on the land registry website. Most other measures are down now aswell. Nationwide and righmove indicies are the only major ones remaining positive. Nationwide for June is due out tomorrow morning.Debt Is Slavery.0
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