House prices rising in just 7% of postcodes.

Pete111

Most of London & the S/E seems to be in there.

I wonder what % of the population (and also % of housing stock) are based in those postodes?

Nice sample period also - lets try this again over springtime...

chucky

Pete111 wrote: »

Most of London & the S/E seems to be in there.

I wonder what % of the population (and also % of housing stock) are based in those postodes?

Nice sample period also - lets try this again over springtime...

Greater London has 10-12 million apparently - that alone is 20% of the UK so 7% of post codes isn't the best way to measure it.

at least it suits peoples agenda and makes them happy

carolt

It's certainly not all London postcodes, though.

Lots not there.

pie81

Don't know where they get their figures from. The two postcodes I'm looking to buy in (in London) aren't on that list and prices there have definitely risen over the past few months.

HAMISH_MCTAVISH

Really2 wrote: »

Also is it wise to take Nov,Dec, Jan as a snapshot of the housing market?

Only if you're REALLY desperate and deluded.........

The bigger surprise is not that prices are only rising in 7% of postcodes, but that prices are rising anywhere at all, in the middle of winter, just 2 years after the biggest crash in decades started.......

carolt

pie81 wrote: »

Don't know where they get their figures from. The two postcodes I'm looking to buy in (in London) aren't on that list and prices there have definitely risen over the past few months.

Maybe you're confusing asking prices and selling prices.

Pete111

Well using examples I'm personally aware of, family houses in the Wimbledon area are back to peak currently and still rising.

Example one. Colleague at work just sold his house for 'a street record'

Example two. Friend of mine had his property valued last week at 30% above Q2 2006. Even assuming 10% of that is EA pie in the sky you are still back at peak 2007

Example 3 Conveyancing lawyer mate based in Wimbledon tells me he has been very busy over winter and reports property prices are only moving upwards from the transactions he has overseen

Yet, the report had the quarterly increase at only 0.6% for SW19 - sounds undercooked to me

HammerSmashedFace

HAMISH_MCTAVISH wrote: »

Only if you're REALLY desperate and deluded.........

The bigger surprise is not that prices are only rising in 7%n of postcodes, but that prices are rising anywhere at all, in the middle of winter, just 2 years after he biggest crash in decades started.

No surprise at all really, when a near bankrupt person has one last credit card with a 10k limit on it and they start using it, it appears from the outside that they are doing really well.

I also started another thread to show that the taxpayer is 'shoring' up this kind of mediocre rise in prices to the tune of £300 billion. So as I say, no surprise at all. The only surprise to come is when the money trough is empty.

Of course we have a little while to wait, but after the election we are likely to see that 'unexpectedly':cool: as the media like to report it, that emperor still has no clothes.

Davesnave

chucky wrote: »

"My area's well-up on that list!"

ps - i haven't even clicked on the link. i don't care

....And I lied!:rotfl::rotfl:

Jonbvn

carolt wrote: »

I wonder if that's influenced by the fact they have some of the best if not the best state schools in the country.

This surely can't be due to the quality of the teachers;):p