Land Registry DOWN again in May.

Graham_Devon

chucky wrote: »

no they are last months figures = May 2009

there are two parts to this

firstly. for example May's figures released today are £152,497.
in July the same May figures may be £151,000 because the Land Registry receive notice of transactions continually as solicitors aren't the quickest in registering transactions. this is happening from point of sale for 4 months i think they're allowed to do.

the other part is that the halifax and nationwide are just mortgage approvals. not the actual finanlised house sales, from mortgage approval to house sale can be months ahead that's why people call it a lag.

Thanks.

So the jist of that seems to be, they are 3 months behind in general. But, some solicitors could possibly report a month behind that, making the revisions 4 months behind. I always knew that anyway.

That, makes perfect sense.

To me, that says these figures are 3 months behind, but next month, on the revisions that may come in from slow solicitors, they will be four months behind.

But to be telling people they are four months behind is disingenuous. Especially then saying "you dont understand".

As I just said in the other thread. Were now "fighting" again over cherry picked stuff which doesnt add up and yet again going down the "you do not understand" route.

chucky

Graham_Devon wrote: »

To me, that says these figures are 3 months behind, but next month, on the revisions that may come in from slow solicitors, they will be four months behind.

not quite - unless you go back and check May's numbers you won't see the revision. these are just for transaction for sales in May.

another thing to notice for the LR numbers is that they do matching transactions - so a house sold in May had to be purchased at some point in time. there calculations are derived from here.

Nationwide and Halifax don't do this and just take those mortgage approvals that month. they're also quite regional.

they're quite different calculation methods and look at different things to derive their indexes.
i wouldn't bother comparing them because you'll get no where very quickly.

Graham_Devon

chucky wrote: »

not quite - unless you go back and check May's numbers you won't see the revision. these are just for transaction for ales in March.

another thing to notice for the LR numbers is that they do matching transactions - so a house sold in May had to be purchased at some point in time. there calculations are derived from here.

Nationwide and Halifax don't do this and just take those mortgage approvals that month. they're also quite regional.

they're quite different calculation methods and look at different things to derive their indexes. i wouldn't bother comparing them because you'll get no where very quickly.

Right sorted.

Seriously, thanks for explaining. Lot easier than splitting hairs and petty personal stuff to get to the bottom of things.

Anyway, LR, down

chucky

Graham_Devon wrote: »

Right sorted.

Seriously, thanks for explaining. Lot easier than splitting hairs and petty personal stuff to get to the bottom of things.

Anyway, LR, down

not where i live

Graham_Devon

chucky wrote: »

not where i live

Do you, Really2, ISTL, and Stevie all share a flat or sumut?!

Can see you all now, lined up "hey lads, look, we gotta combat this, there some people on the forum saying house prices have fallen"

chucky

Graham_Devon wrote: »

Do you, Really2, ISTL, and Stevie all share a flat or sumut?!

Can see you all now, lined up "hey lads, look, we gotta combat this, there some people on the forum saying house prices have fallen"

nope, we probably just live in desirable decent areas :beer:

Graham_Devon

chucky wrote: »

nope, we probably just live in desirable decent areas :beer:

Fair point. Should I call you Mr Chucky from now on, or would you prefer Sir from us proles

Chris2685

This debate never changes on here does it... 'it's gone down', 'it's gone up', each time the same people saying why such and such is a good indication because it has gone down, while the others say such and such is a bad indication and it has actually gone up... Round and round we go...

The fact of the matter is that prices are still crazy high for a lot of people who would have been able to buy 10 or so years ago if they were in the same circumstances they are in now but with prices at the levels relative to income that they were. So many things point towards why people can't afford to buy property, and yet we still have people trying to talk up this whole 'debt yourself to the eyeballs, it will be alright in the end' theory of house buying...

IveSeenTheLight

Graham_Devon wrote: »

Do you, Really2, ISTL, and Stevie all share a flat or sumut?!

Can see you all now, lined up "hey lads, look, we gotta combat this, there some people on the forum saying house prices have fallen"

Always happy to show you the facts Graham.
Past caring if you believe or understand them now.
Incidently, LR dont report my area. The figures are obtained from the registers of Scotland Executive Agency

Aberdeenshire
http://www.ros.gov.uk/pdfs/la_jan07.pdf = £158,207

http://www.ros.gov.uk/pdfs/la_apr_09.pdf = £178,486


My VI area is pretty close

Aberdeen
http://www.ros.gov.uk/pdfs/la_jan07.pdf = £148,488

http://www.ros.gov.uk/pdfs/la_apr_09.pdf = £154,670

chucky

Graham_Devon wrote: »

Fair point. Should I call you Mr Chucky from now on, or would you prefer Sir from us proles

i prefer the other names i get called on here