MSE News: Halifax: housing shortage boosts prices

HAMISH_MCTAVISH

doire wrote: »

Are there any links to show the rises in certain areas? Like NI, Scotland, Wales etc?

Or are these figures just based on house sales in SE England?

Haliwide figures are the national average, including all regions of the UK.

There are significant variances by region, but those are only published in the quarterly reports.

Braveheart100

Hats off to messers Brown & Darling.

Dan:_4

I know how much the hard core HPC'ers love this BBC graph, so just for you guys:

doire_2

HAMISH_MCTAVISH wrote: »

Haliwide figures are the national average, including all regions of the UK.

There are significant variances by region, but those are only published in the quarterly reports.

Have you a link to the last one?

doire_2

Dan: wrote: »

I know how much the hard core HPC'ers love this BBC graph, so just for you guys:

Again i'd like to see the 'rises' for each region of the UK.

Can you provide a graph to show this?

System

Save yourself the time doire, we already know that in "your area" house prices will be down at least 50%.

doire_2

Joeskeppi wrote: »

Save yourself the time doire, we already know that in "your area" house prices will be down at least 50%.

Im just asking

Maybe asking prices are but those selling aren't. Then again not many are selling.

Is this the same for Scotland and Wales...maybe Northern England too?

stueyhants

As I understand it, the Haliwide indices apply mix adjustment factors to balance the price mix between types of houses (flats versus expensive detached).

My assertion is that the mix adjustment factors are not having the same ‘balancing’ effect as before and consequently part of the recent rises in indices can be attributed to better houses selling pulling up the so called average price.

For example take two houses on the same street, same attributes (number of bedrooms, garden, garage etc). But one was south facing with better decor and the other a bit tired, north facing garden and possibly next door to the local pub. They would have both sold in the boom years. Now that credit has reduced, only buyers with good deposits (and arguably more discerning buyers) are buying the nicer more expensive houses.

The mix adjustment smoothing wouldn’t take these factors into account as they are quite a blunt factor. This is a theory and I could be wrong but I think it’s only when the indices start to come back down again (due to increase purchases of these so called lower standard houses) can we say the market has recovered and is sustainable again.

HAMISH_MCTAVISH

Joeskeppi wrote: »

Save yourself the time doire, we already know that in "your area" house prices will be down at least 50%.

Actually, from memory, in his area prices rose by around 9% on the last regional release.

But it's OK, TreesDontGrowToTheSky says there are still some house asking prices falling, so the market must still be crashing.:rolleyes:

HAMISH_MCTAVISH

doire wrote: »

Have you a link to the last one?

www.google.co.uk