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

luvpump

http://news.bbc.co.uk/1/hi/business/8035363.stm


:beer: :beer:

Dan:_4

mitchaa wrote: »

Interesting, 2009 drops so far then...

Nationwide

Dec 08...£153,048
Apr 09...£151,861

4 Month reduction of 0.78%

Halifax

Dec 08 £160,861
Apr 09 £154,716

4 Month reduction of 3.82%

Interesting that the year started off with a discrepency of halifax average hp nearly £8000 more then nationwide.

This now seems to be getting closer.

the_ash_and_the_oak

kinda surprised actually - think its too early for second stage of the crash but thought the idea of restricting supply by helping current owners cashflow would continue to reduce the large falls of the first stage

kinda taking each months stats with a pinch of salt with the low transactions tho tbh. think we're some way off the next stage imo

the_ash_and_the_oak

mitchaa wrote: »

Interesting, 2009 drops so far then...

Nationwide

Dec 08...£153,048
Apr 09...£151,861

4 Month reduction of 0.78%

Halifax

Dec 08 £160,861
Apr 09 £154,716

4 Month reduction of 3.82%

looks like it - narrowing the discrepancy between the two.

skap7309

Now number 1 read article on BBC website. People will be hit on the head by reality with that.

''But you told me there was never a better time to buy / my house will increase in value soon / the falls have all but bottomed out / green shoots of recovery etc''

Cannon_Fodder

full report at http://www.lloydsbankinggroup.com/media1/research/halifax_hpi.asp

ukcarper

mitchaa wrote: »

Interesting, 2009 drops so far then...

Nationwide

Dec 08...£153,048
Apr 09...£151,861

4 Month reduction of 0.78%

Halifax

Dec 08 £160,861
Apr 09 £154,716

4 Month reduction of 3.82%

Would you say land registry is most accurate?

Mini_Bear

i welcome this news and am currently observing the shock at work as everyone was saying the green shoots are out and house prices will now rise again.
My argument is currently "how can house prices rise with 1m more people expected to be unemployed by end of yr?" Oh well!

Rick62

ukcarper wrote: »

Would you say land registry is most accurate?

The land registry is the most accurate, however, it lags by several months, aas it shows completed sales once reported to the land registry.

Halifax and Nationwide are presumably from houses that they secure mortgages on? In which case their sample size is smaller, the figures are probably average rather than tracking previous sales of the same property and their figures will be biased by what sector of the market their mortgages are brest pitched to.

inspector_monkfish

Rick62 wrote: »

The land registry is the most accurate, however, it lags by several months, aas it shows completed sales once reported to the land registry.

Halifax and Nationwide are presumably from houses that they secure mortgages on? In which case their sample size is smaller, the figures are probably average rather than tracking previous sales of the same property and their figures will be biased by what sector of the market their mortgages are brest pitched to.

land registry don't really have a book to talk up
nationwide and halifax do...