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Debate House Prices


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Land Registry House Prices Down 3.14% 1st quarter

245

Comments

  • FoxtonsRIP
    FoxtonsRIP Posts: 323 Forumite
    Steve, maybe if you kept off the sauce for a while you might be able to save the deposit for a house
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    It means 3.14% in a quarter is higher than the first quarter of 2008 but lower than the last quarter of 2009.

    IE. the average fall goes up in the next quarter because the lowest % drop is got rid of, the highest is still there & the only way the figure can get better is if house are rising. Which they are not & I have to say I have never seen a graph with a 90 degree vertical line on it....

    http://www1.landregistry.gov.uk/houseprices/housepriceindex/report/default.asp?step=4&locationType=0&area=E%26W-ALL&reporttype=1&datetype=1&from1=01%2F2008&from2=03%2F2009&image2.x=28&image2.y=11
    Not Again
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    1984ReturnsForReal wrote: »
    It means 3.14% in a quarter is higher than the first quarter of 2008 but lower than the last quarter of 2009.

    IE. the average fall goes up in the next quarter because the lowest % drop is got rid of, the highest is still there & the only way the figure can get better is if house are rising. Which they are not & I have to say I have never seen a graph with a 90 degree vertical line on it....

    http://www1.landregistry.gov.uk/houseprices/housepriceindex/report/default.asp?step=4&locationType=0&area=E%26W-ALL&reporttype=1&datetype=1&from1=01%2F2008&from2=03%2F2009&image2.x=28&image2.y=11

    Remind me how much has it fallen in the previous 18 months icon7.gif


    IE. the average fall goes up in the next quarter because the lowest % drop is got rid of, the highest is still there

    But Halifax and Nationwide have actually shown increases in some of the past three months and the LR is 3 months behind :rotfl:Remind not to recruit you for British Intelligence icon7.gif
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    FoxtonsRIP wrote: »
    Steve, maybe if you kept off the sauce for a while you might be able to save the deposit for a house

    Hope you are a Chelsea or Arsenal fan icon7.gif
    '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 Thatcher
  • FoxtonsRIP
    FoxtonsRIP Posts: 323 Forumite
    StevieJ wrote: »
    Hope you are a Chelsea or Arsenal fan icon7.gif
    Steve, there's good people out there that can help you

    http://www.alcoholics-anonymous.org.uk/
  • the_ash_and_the_oak
    the_ash_and_the_oak Posts: 1,636 Forumite
    Don't quite get the annoyance on this thread - esp as everyone seems to be pretty happy with the stats themselves imo
    Prefer girls to money
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 8 May 2009 at 11:27AM
    FoxtonsRIP wrote: »
    Steve, there's good people out there that can help you

    http://www.alcoholics-anonymous.org.uk/

    Cheers :beer: I will leave it until Monday before giving them a ring icon7.gif Have you got the gambling one as well icon7.gif
    '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 Thatcher
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    the_ash_and_the_oak wrote: »
    Don't quite get the annoyance on this thread - esp as everyone seems to be pretty happy with the stats themselves imo

    Sadly a lot of people are pretty much always snide. :(

    In the SW prices in rural Wiltshire have risen. That's one of our key search areas, so I guess it just means we're not the only ones.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    StevieJ wrote: »
    Just read it there is F.A there :rotfl: were you having me over :confused:

    The rate of house price falls was faster than a year ago, but slowed compared to the final quarter of 2008 :whistle:

    Not really comparing like with like, lets see what the final quarter of 2009 is like compared to 2008.
  • michaels
    michaels Posts: 29,527 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If prices fell by 2% in each month of the previous quarter and then were flat for this quarter then this quarter would be 3% below the previous one.

    Also I assume these are sold prices which are of course a lagging indicator and won't really pick up on any spring increases.
    I think....
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