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Debate House Prices
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NATIONWIDE - Actually, Prices went up
Comments
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Thrugelmir wrote: »MissMoneypenny wrote: »Remember also that Land Registry do not take into account the selling prices from distressed sellers (repossessions, auctions).
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Why not?
It doesn't include new builds because it matches like for like purchases and sales i.e. new builds don't have anything previous to compare with, it does however include cash purchases which is 25% of the market. I don't see why it wouldn't include repos
A relevant article
http://property.timesonline.co.uk/tol/life_and_style/property/article4121227.ece'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Maybe someone should get on the blower to the Halifax, Nationwide, Land Registry, FT, ODPM, Bank of England, ONS, Standard and Poors and every other statistical body in the world to tell them they've been doing it wrong.
Ray knows best.
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no matter what the bulls post ..the crash has been going for 18 months now and probably has another five years to go before we get any gains worth mentioning.....it must be so frustrating being a bull and sitting round being wrong and watching your assets reducing by 20% a year....i pity them...
Jackanory
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
MissMoneypenny wrote: »Land Registry said the house prices went down in March Dan.
"Land Registry with their usual time lag, confirm that house prices fell again in March 2009.
Remember also that Land Registry do not take into account the selling prices from distressed sellers (repossessions, auctions).
"The latest figures show that monthly house prices in England and Wales fell by 0.4 per cent in March.
The average house price is now £152,895, representing an annual decrease of 16.2 per cent. These price levels were last seen in August 2004."
http://www1.landregistry.gov.uk/houseprices/"
And due to their usual lag, we should expect to see a couple of rises for May and June.0 -
If "Fat" Ray Boulger started eating some salads in the Summer months, instead of his staple diet of pies, maybe he'd be able to get himself seasonally adjusted?0
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Good to see the Telegraph on the case:
Nationwide House Price Index: Actually, prices went up
Comment: The "real" Nationwide House Price Index shows that prices rose by 0.6pc in April, after a rise of 2.2pc in March, and a fall of only 0.8pc in the first four months of 2009.
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/5255710/Nationwide-House-Price-Index-Actually-prices-went-up.html
every time you write a thread like this I ask you the same question: "What is your view on this Dan" and you never ever answer...
Care to this time?0 -
every time you write a thread like this I ask you the same question: "What is your view on this Dan" and you never ever answer...
Care to this time?
It's not a view, it's a FACT:
According to Nationwide the average house price in march was £150,945, and in April it has gone up to £151,895.0 -
Thrugelmir wrote: »
It doesn't include new builds because it matches like for like purchases and sales i.e. new builds don't have anything previous to compare with, it does however include cash purchases which is 25% of the market. I don't see why it wouldn't include repos
A relevant article
http://property.timesonline.co.uk/tol/life_and_style/property/article4121227.ece
Thanks for pointing out the article.
Including cash transactions must make the figures more accurate although there is a time lag until property gets registered.
New builds are misleading in any case. Bought a show house 20 years ago and the building society valuation came in at £14k less than the builder was asking ! All down to the money that had been spent on fixtures and fittings , landscaped gardens etc.0 -
House on next street sold aug 06 for 393, for sale this week for 450 so someone believes prices are still rising
I think....0
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