Land Registry DOWN again in May.

blunt_crayon

didn't realise LR kept updating their figures after the monthly report. can't find much data on it but according to this press release: http://www1.landregistry.gov.uk/about%5Fus/pressoffice/notices/default.asp?article_id=20070 they have now revised their march figure down to -0.5 (-0.4 in their report) but revised april up to -0.2 (from -0.3).

swings and roundabouts.

Graham_Devon

IveSeenTheLight wrote: »

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

I kind of understand the game now. Honestly, I do.

When the LR is down, we focus on our very own local areas. ...And Merthr Tydvil of course..

When the LR is up, it's back to focusing on a National Level and average prices vs average wage and how correlated they now are.

....well, I suppose Merthr Tydvil is now a little presumptious of me. I apologise.

Graham_Devon

chucky wrote: »

i prefer the other names i get called on here

I don't. It makes it harder for me as I have to get around the swear filter

StevieJ

Chris2685 wrote: »

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 maybe not 20 years ago

Generali

Graham_Devon wrote: »

See that makes no sense.

It doesnt matter what they are behind the halifax. I want to know how many months they are behind on their own reporting.

I want to know why I am told I don't understand, when quite frankly, it looks like the goalposts have just been moved?

Wheres Generali

Here I am! I've been at work today, training the next generation of economists and then took Mrs Generali out for lunch followed by a swim at the ITAC and then a couple of glasses of wine.

Ok. Haliwide numbers are calculated at the point of the mortgage being accepted - gazundering/gazumping are ignored for their figures AIUI.

Then there is a delay between mortgage finance being in place and completion, normally of about 4-6 weeks.

Then the LR has to process the sale which takes 2-3 months it would appear. This can be shown most easily by comparing LR numbers with Haliwide - they match each other pretty well if you lag LR by about 4 months.

PS Michael Jackson's body is having an autopsy to find blame for his death. The coroner has narrowed it to:
i. Sunshine
ii. Moonlight
iii. Good times or
iv. Boogie

Chris2685

StevieJ wrote: »

But maybe not 20 years ago

Possibly not, but then that was the peak of the last boom if memory serves?

StevieJ

Generali wrote: »

Then the LR has to process the sale which takes 2-3 months it would appear. This can be shown most easily by comparing LR numbers with Haliwide - they match each other pretty well if you lag LR by about 4 months.

Cheers Gen.

StevieJ

Chris2685 wrote: »

Possibly not, but then that was the peak of the last boom if memory serves?

True, in 1990 you would have needed 65% of your income to pay the mortgage now it is 31% (average of course).

StevieJ

Tell you what Chucky, these Halifax stats are well handy

chucky

StevieJ wrote: »

Tell you what Chucky, these Halifax stats are well handy

whatever you do... don't compare the average salary vs average house prices in 1990-1992...

they stack up even less than now... :beer: