Halifax -1.7% MoM, 17.7% YoY, 22.6% down from peak.

the_ash_and_the_oak

perhaps but what I think I'm trying to say is the yoy falls at dec 2010 will be greater than the yoy falls at dec 2009 imo

telfordwhite

skap7309 wrote: »

Land Registry - yes.

Haliwide - no.

So what are Haliwude figures based on?

Agreed (but STC) prices in April?

Dan:_4

telfordwhite wrote: »

So what are Haliwude figures based on?

Their mortgage advances.

Being the biggest lenders this means they are usually not far off, but the Land Registry always will be the most accurate.

telfordwhite

Cheers. I was of the opinion that last months ?rise with one of the two was a blip.

Nothing to make me think otherwise as yet.

ad9898_3

Dan: wrote: »

Their mortgage advances.

Being the biggest lenders this means they are usually not far off, but the Land Registry always will be the most accurate.

Dan is correct, but even the LR miss out new builds, repo's(seriously marked down ones anyway) and auctions. And with those kinds of properties likely to lose the most, you can only guess what the real figure would be, my guess would be -25% at this time, but it's a guess.

Dan:_4

ad9898 wrote: »

Dan is correct, but even the LR miss out new builds, repo's(seriously marked down ones anyway) and auctions. And with those kinds of properties likely to lose the most, you can only guess what the real figure would be, my guess would be -25% at this time, but it's a guess.

True.

As i've already said today, it's quite nice that the 3 main index's are roughly on par now - this was not the case in Janurary.

ETA: Don't forget that the Land Regisrty peak was in Jan 08 because of the delay, so maybe not quite -25% just yet.

mvengemvenge

Dan: wrote: »

Your wages are likely to significantly increase over the 25 year mortgage, and as the balance is reduced over the years so will the repayments.

Once upon a time, yes, but I believe life in the UK in the coming years, what with probable inflation, taxes and interest rate rises, is going to get VERY tough for a lot of people.

Both parties are terrified of spelling out how bad it will get before the next election, but just wait till after it.

ukcarper

mvengemvenge wrote: »

Once upon a time, yes, but I believe life in the UK in the coming years, what with probable inflation, taxes and interest rate rises, is going to get VERY tough for a lot of people.

Both parties are terrified of spelling out how bad it will get before the next election, but just wait till after it.

I can see this recession lasting a long time but 25 years

WhiteThierry

mitchaa wrote: »

You think our obsession with property will just vanish and our greed culture will follow path

Can't see it personally.

My pension plan is FSP with work whilst living in my current home. Plan is to have the mortgage paid by the time im 40. As i will have no rent/mortgage to pay i will then buy a 2nd investment home of which i will finance over 15yrs, taking me to 55 and then possibly a 3rd in between the ages of 55 and retirement age of 68.

So my retirement plan is FSP + 2 house sales or rental incomes.

That is my aim, do you suggest i change it? Why?

surely you'd like house prices to decrease then? you've more chance of paying house #2 off in 15 years if it costs less, or am i missing something. (I'd guess judging by your previous posts that i am).

dazeruk

Sorry if this question has been asked and answered before.

The latest Halifax figures are quoted as being for April. This is the price as sold. Is any account taken as to when that price was agreed?

I'm new to all this property buying, so unsure if the price of a property can come down during the sale process or how long that process takes. Is this a lagging indicator showing prices agreed maybe last year?