MSE News: Land Registry reports further house prices rise (up 1.7%)

Really2

Bigger than I thought.

Green shoots anyone.

Dan:_4

Up 1.7% in a single month is MASSIVE.

This marks the end of the house price crash. It's been a good one, but sadly, has to come to an end.

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"Property prices rose by 1.7% in England and Wales during July, according to the Land Registry index.

Typical values were up 1.7%, meaning the average property price is now £155,885. Prices are down by 11.7% compared to this time last year ..."

Read the full story:
Land Registry reports further house prices rise

Really2

I am fairly surprised to tell the truth.

It will go down at winter but will it ever go lower than the low of this year.

I was thinking 25%-35% but I think I may be wrong.

Harry_Powell

Very interesting. I was wondering if Higher Asking prices would translate to higher sale prices and it certainly seems that way.

chucky

http://www1.landregistry.gov.uk/assets/library/documents/hpi_0908.pdf

and here the official release...

thriftybabe

Really2 wrote: »

I am fairly surprised to tell the truth.

It will go down at winter but will it ever go lower than the low of this year.

I was thinking 25%-35% but I think I may be wrong.

i think things are moving as interest rates are so low and that is encouraging people to buy. There are also really great deals out there. In addition people think that they can pay a lot more debt when interest rates are so low. At the moment there are lower prices for house and lower interest rates. There may be lower prices in the future but interests are surely to go up. That is the only explanation I can offer otherwise I am also shocked!

mortgage_adviser_2

In the months February 2009
to May 2009, transaction
volumes averaged 35,848
transactions per month. This
is a decrease from the same
period last year, when sales
volumes averaged 61,743.

Interesting

Really2

North and Wales doing the main gains by the look of it. But they did get hit the hardest.

inspector_monkfish

Dan: wrote: »

Up 1.7% in a single month is MASSIVE.

This marks the end of the house price crash. It's been a good one, but sadly, has to come to an end.

i think its just a matter of time before reality checks in, and prices come crashing off big time..

the_ash_and_the_oak

not sure why any surprise here given that LR follows haliwide w a lagtime