UK house prices fall 10.1 pct yy in April-Hometrack

Graham_Devon

chucky wrote: »

or you could read it as "House prices fall at lowest rate for a year"

0.3% is the lowest monthly rate for a year.
sales volume also improved by 15% in April, up 70% over the last three months

prices were also down in 30% of post codes as opposed to 50% in March.

people read and take in only what they want to read - shame that they don't understand the detail

LOL.

This is VERY different to your posts last month when nationwide had them as rising. Then, of course, what was written, was exactly what we should read!!!

chucky

Graham_Devon wrote: »

LOL.

This is VERY different to your posts last month when nationwide had them as rising. Then, of course, what was written, was exactly what we should read!!!

don't be making things up again please Graham... i've always wondered why you do fabricate things.
i've always said that there are more price drops coming, small ones but they will be there over the next few months

i don't think it is different to what i said - here's what i said

chucky wrote: »

would just like to say this a quality thread to read - Graham and AD, at least your around taking it on the chin and bantering back, many others are in denial just like the uber bears were previously. you'll get your own back soon, don't worry.

one month doesn't really mean much at the moment - however with the other positives out this month it is positive progression and nobody - not even Mewbs and Wookster can deny that.

i've said we'll have a few of these months then the usual 2% drops to balance things out again - my guess these will be in the quieter summer months. the 'real' recovery will happen in late this year or early 2010.

i'm sure that you'll selective read this like the nutters that will Thank your post but here's the original post and thread anyway.

the post - http://forums.moneysavingexpert.com/showpost.html?p=20321705&postcount=121 and the thread - http://forums.moneysavingexpert.com/showthread.html?p=20321705#post20321705

the_ash_and_the_oak

whathavewedone wrote: »

I find that Rightmove is REALLY slow to update it's records. During the boom years you could guarantee that just about everything advertised had gone when you phoned up.

I found it pretty useless except that you phone up whatever estate agent about a property you like that you saw on Rightmove and they say oh well that's gone but you can register and we can phone you when something else comes in/if you were lucky something might have just come in which met your criteria which you could view.

Have you actually phoned and got confirmation that only 22 properties are under offer? If you're just going by what's on their website it means nothing.

No I haven't tbh

tbf I went to https://www.keatons.co.uk and a much higher proportion were marked as 'under offer' (I think something like 24/60 of sub300k flats) which is a lot better ratio than rightmove agreed. Quite interesting. The following 3 are not under offer

http://www.keatons.co.uk/search/property.aspx?type=Sales&pid=11403&from=search: Goulton Rd 215k

http://www.keatons.co.uk/search/property.aspx?type=Sales&pid=3174&from=search: Cecilia Rd 225k

http://www.keatons.co.uk/search/property.aspx?type=Sales&pid=11282&from=search: Thistlewaite Rd 250k (2 bed)

There were cheaper ones but on not so good streets I thought. Be interesting to see how soon they go under offer. Tried to pick fairly here

Agreed that Hackney has many good parts and is unfairly maligned btw

whathavewedone

It was just an anecdotal about Hackney. There are nicer places to live but back in 2002 when I was buying my first flat I would have loved to buy a flat in Victoria Park because of the centrality of it (I would have loved Islington more but was not a millionaire). I could have done it if I'd stretched myself in hindsight but did not want to. So I bought a flat in Brixton which turned out okay.

If you're young, single, work in London and have saved up a deposit then I don't think living in Hackney is that dreadful tbh.

Incidentally I imagine the market in Brixton is probably dead as a dodo (have no idea as know no one who lives there) - just because the first time buyers market in Hackney is going mad right now doesn't mean hpi is on the way.

Find it quite amusing how many people have got so defensive about my little anecdotal tbh. The hysterical reaction makes me wonder if there is more to it than I thought anyway.

the_ash_and_the_oak

just think people are suspicious of anecdotals is all. i don't really believe there's anything to it but was curious and had a look. the figures at keatons actually back you up. i posted the 3 really out of interest more than anything as the high percentage of 'under offers' was a surprise to me.

anyway - plenty of hackney is a good place to live imo

mewbie_2

chucky wrote: »

i'm sure that you'll selective read this like the nutters that will Thank your post but here's the original post and thread anyway.

Whoops, had already thanked it before I scrolled down and read that.

hethmar

Have to say round here the For Sale signs have been changing quite swiftly to Sold in the last month or so. I guess the sunshine helps