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Debate House Prices
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Fall in house prices is confirmed
carolt
Posts: 8,531 Forumite
At last Land Registry gets the picture:
http://news.bbc.co.uk/1/hi/business/7618660.stm
The fall in house prices during the past year has been confirmed by the government's own house price index.
Published by the Communities and Local Government department (DCLG), it shows that prices in July were 0.3% lower than a year ago.
http://news.bbc.co.uk/1/hi/business/7618660.stm
The fall in house prices during the past year has been confirmed by the government's own house price index.
Published by the Communities and Local Government department (DCLG), it shows that prices in July were 0.3% lower than a year ago.
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Comments
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The last chance saloon has just shut its door to bulls.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Seema Shah, at Capital Economics, said that with "other more timely measures of house prices weakening drastically in the past few months, and with the economy heading for recession, those falls are likely to intensify over the coming months".
Standby for intensification. :T0 -
0.3% is effectively no fall at all. Very odd.No reliance should be placed on the above! Absolutely none, do you hear?0
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0.3%?! I trust the government's house price index as much as I trust it's inflation index.0
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I love it:
Published by the Communities and Local Government department (DCLG), it shows that prices in July were 0.3% lower than a year ago. That was despite a surprise 1% rise in prices during the course of July.
:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:0 -
Isn't this the one with a 4 month rolling average on 3 month out-of-date figures?
:rotfl:0
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