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Debate House Prices
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Land Registry House Prices Down 3.14% 1st quarter
Comments
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inspector_monkfish wrote: »thats all we can do
life is not always so straightforward though
Aint that the truth!
All you can really do is plan for the worst, hope for the best and take advantage of any breaks that come your way.
Oh, and keep your insurance policies up to date!Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
Dithering_Dad wrote: »I always prefer the Land Registy figure that show actual sales prices than the Halifax & Nationwide that only show asking prices (and then just with these two, admittedly large estate agencies).
I thought those indices were based on agreed sales What goes around - comes around0 -
Dithering_Dad wrote: »Aint that the truth!
All you can really do is plan for the worst, hope for the best and take advantage of any breaks that come your way.
Oh, and keep your insurance policies up to date!
Do you look a bit like Eddie 'The Eagle' Edwards?
For some reason, don't know why, but thats the mental picture I get
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
I thought those indices were based on agreed sales
Presumably completed transactions, i.e. registered with L.R.'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 -
Dithering_Dad wrote: »- though I'd hope that they'd be in a position to help themselves, that's one of the 'yardsticks' that I'll be using to see if we have been a succesful parents - kids who are happy, have good jobs and are responsible with money and are able to fend for themselves.
One can hope
Excellent post :T'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 -
are land registry pruices seasonally adjusted too?
Land Registry monthly figures, based on an Index, are seasonally adjusted.
These LR quarterly figures appear to be the "simple average" method. Just the value sold, divided by the number of properties.
as used by; http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/houses.stm
although they have not yet updated for the latest quarter in the online Price tool.
From what I can gather, simple average is a good indicator in that it tells us about what is actually selling. But its limitations include, that it might not be your particular type of property that has sold in large numbers during a quarter.
I guess, like others have said about stages and "evolution" of the crash, there will be a different pattern of house types in any given quarter, depending on the stage of a boom/crash.
Early stages of the crash may see few FTB properties, as they had to pause to get a better deposit together, for example.
Then the FTBs get their finances together and there may be a glut of them in one or two quarters - that bears little resemblance to "normal" activity in that quarter over previous years.
Then properties further up the ladder get the "new reality" into their pricing, start to sell in larger numbers, etc.
Meanwhile, the index is a bit arbitrary, there being no real "average house". Its a statisical invention. Although if its definition is consistently used, there should be statistical validity.
You takes your pick...0 -
inspector_monkfish wrote: »Do you look a bit like Eddie 'The Eagle' Edwards?
For some reason, don't know why, but thats the mental picture I get
Nope, I look like my Avatar! I also exclusively wear blue shirts and black ties.
Fat and bald middle-aged men (with round noses) are sexy!Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
Dithering_Dad wrote: »Nope, I look like my Avatar! I also exclusively wear blue shirts and black ties.
Fat and bald middle-aged men (with round noses) are sexy!
I think I nearly ran you over when I was carefully driving through Delph
'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 -
I think I nearly ran you over when I was carefully driving through Delph
You'll have to pop into the Royal Oak then next time you're in Delph and I'll stand you a pint. I'll be the fat, bald bloke stood at the bar, wearing a cyan blue shirt, black tie. Not sure what colour trousers I'll be wearing - I'll have to have a peep at my "Wait til your father gets home" DVD collection.
Oh, and I answer to the name of Harry Boyle! Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
Dithering_Dad wrote: »Nope, I look like my Avatar! I also exclusively wear blue shirts and black ties.
Fat and bald middle-aged men (with round noses) are sexy!
thats a shame :cool:
you'll always be eddie the eagle to me;) Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0
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