My house up 8.8% in the last quarter!!

theblindman

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/39ud.stm

Ok come on then shoot me down in flames, I ready and waiting, the first to use the phrases ' dead cat bounce' 'one swallow doesnt make a summer' wins a prize

Really2

theblindman wrote: »

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/39ud.stm

Ok come on then shoot me down in flames, I ready and waiting, the first to use the phrases ' dead cat bounce' 'one swallow doesnt make a summer' wins a prize

Not so sure how acurate it is but mine is showing up also.

chucky

it may be the case but the BBC are still using values from sometime in the summer 2008 on this web page

IveSeenTheLight

theblindman wrote: »

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/39ud.stm

Ok come on then shoot me down in flames, I ready and waiting, the first to use the phrases ' dead cat bounce' 'one swallow doesnt make a summer' wins a prize

don't take me the wrong way (as most on here would refer to me as a bull), but the bbc figures have been spurious before.
I would check them against other reports such as the LR (have to wait a month or two) or Haliwide

Even if they are up, take care that this is not skewed by low figures.
However, you could be an area that supports Halifax's reported monthly increase.

IveSeenTheLight

chucky wrote: »

it may be the case but the BBC are still using values from sometime in the summer 2008

the small print does say Dec 2008 figures but then again, previous bbc figures looked spurious

ad9898_3

theblindman wrote: »

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/39ud.stm

Ok come on then shoot me down in flames, I ready and waiting, the first to use the phrases ' dead cat bounce' 'one swallow doesnt make a summer' wins a prize

Best get it sold then quick and make a killing, I've heard the market is heading south.;) You shouldn't have advertised on a public forum though, you might lose a couple of percent now if people think you are ecstatic with your 8.8% rise.:D

carolt

I just checked my area, which was posting a very small rise (c 1%) over the last quarter.

As I've been watching my area, closely, I knew that was wrong.

Put simply, it is just based on what's selling, and is not adjusted in any way for types of properties.

So in my area, semis, terraces and flats are all down, by a lot, but because detached house prices are up by 30%, the average is up a little.

Obviously, this means that, in simple terms, the top end of the market is less affected and more is selling.

Whilst lower down (where I'm looking), almost nothing is selling, and what is selling is selling for significantly less.

The average (mean) price may be rising, but that's only because the type of properties sold is changing.

Maybe it's the same where you are?

Really2

carolt wrote: »

I just checked my area, which was posting a very small rise (c 1%) over the last quarter.

As I've been watching my area, closely, I knew that was wrong.

Put simply, it is just based on what's selling, and is not adjusted in any way for types of properties.

So in my area, semis, terraces and flats are all down, by a lot, but because detached house prices are up by 30%, the average is up a little.

Obviously, this means that, in simple terms, the top end of the market is less affected and more is selling.

Whilst lower down (where I'm looking), almost nothing is selling, and what is selling is selling for significantly less.

Maybe it's the same where you are?

Carol it will give you the figures for detached, semi, flat, and teraced and the numbers sold.

IveSeenTheLight

carolt wrote: »

I just checked my area, which was posting a very small rise (c 1%) over the last quarter.

As I've been watching my area, closely, I knew that was wrong.

Put simply, it is just based on what's selling, and is not adjusted in any way for types of properties.

So in my area, semis, terraces and flats are all down, by a lot, but because detached house prices are up by 30%, the average is up a little.

Obviously, this means that, in simple terms, the top end of the market is less affected and more is selling.

Whilst lower down (where I'm looking), almost nothing is selling, and what is selling is selling for significantly less.

The average (mean) price may be rising, but that's only because the type of properties sold is changing.

Maybe it's the same where you are?

Sorry carolt, I cannot believe you are saying some properties are up 30% in this climate.
You feeling okay?

p.s. gotta doubt the figures sorry. they seem a little like their off the top of your head tu justify other prices are going down

Jim_B_3

That's an annual price hike of over a third, which we didn't see even during the most ridiculous part of the boom.As such, I am suspicious and I wonder if perhaps the data set is too small to be reliable.

StevieJ

IveSeenTheLight wrote: »

Sorry carolt, I cannot believe you are saying some properties are up 30% in this climate.
You feeling okay?

p.s. gotta doubt the figures sorry. they seem a little like their off the top of your head tu justify other prices are going down

looks like the FTB jump straight to a 4 bed detached is out of the question then