Prices Stable or Rising in 94% of the UK....

HAMISH_MCTAVISH

The January 2010 RICS Housing Market Survey showed an increasing number of surveyors seeing price rises rather than falls.

The seasonally adjusted net balance of surveyors reporting rising rather than falling prices rose to 32% in January from 30% and is now only slightly below November's recent high of 35%.

http://www.rics.org/housingmarketsurvey


RICS poll surveyors around the country and ask them if prices in their local areas are, rising, stable, or falling.

The results for January are below.

Rising Prices 35%

Stable prices 59%

Falling Prices 6%


So contrary to recent speculation to the contrary, prices are only falling in 6% of areas in the country.:beer:

And they are stable or rising in 94% of the UK.......

An astounding result for the middle of winter less than 3 years after the start of the crash.

boomerangs

HAMISH_MCTAVISH wrote: »

So contrary to recent speculation to the contrary, prices are only falling in 6% of areas in the country.:beer:

And they are stable or rising in 94% of the UK.......

An astounding result for the middle of winter .

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Cleaver

HAMISH_MCTAVISH wrote: »

http://www.rics.org/housingmarketsurvey


RICS poll surveyors around the country and ask them if prices in their local areas are, rising, stable, or falling.

The results for January are below.

Rising Prices 35%

Stable prices 59%

Falling Prices 6%


So contrary to recent speculation to the contrary, prices are only falling in 6% of areas in the country.:beer:

Just to clarify, this is based on some people's opinions, rather than any actual hard evidence? So saying that "prices are only falling in 6% of areas in the country" isn't actually accurate, is it?

chucky

you'll be upsetting the frothers here Hamish - the ones that don't understand averages

Graham_Devon

HAMISH_MCTAVISH wrote: »

An astounding result for the middle of winter less than 3 years after the start of the crash.

Seriously Hamish, question for you.

Does what you have said just there, not make you stop and think?

What you are saying is it's an astounding result. Therefore, we could conclude that it's not normal (which it isn't).

So what is astounding about it? Is it:

A) the abnormality of the situation
the fact prices are rising well above any kind of inflation and also wages?
C) Something different....(Explain)

If A or B, do you not see why both pose a big question?

HAMISH_MCTAVISH

Cleaver wrote: »

Just to clarify, this is based on some people's opinions, rather than any actual hard evidence? So saying that "prices are only falling in 6% of areas in the country" isn't actually accurate, is it?

It's based on Surveyors reports of what is happening to prices in their areas.

Surveyors are of course the people who do the mortgage valuations for property, so questioning their reported data seems rather futile.....

Mr.Brown_4

HAMISH_MCTAVISH wrote: »

It's based on Surveyors reports of what is happening to prices in their areas.

Surveyors are of course the people who do the mortgage valuations for property, so questioning their reported data seems rather futile.....

Futile indeed. Nothing can stop the torrent of statistics it seems. 94% here, 87% there. No matter how many graphs, snapshots, land registry figures you produce Hamish - fact remains it was a bubble, and the froth has barely begun to be blown off.

Do you seriously expect a bubble to last for ever?

Cleaver

HAMISH_MCTAVISH wrote: »

It's based on Surveyors reports of what is happening to prices in their areas.

Surveyors are of course the people who do the mortgage valuations for property, so questioning their reported data seems rather futile.....

So you're agreeing with me, it's based on someone's opinion.

I'm not having a go Hamish, as I often agree with you when you bring people up on the fact that they aren't using reliable, factual data.

Surveyor's generally value homes for people buying them, right? My experience of buying a few places is that they always just valued the property for the price we were buying it at. Isn't the article in your original post a sign that the price people are willing to pay looks to be on the up? It's more a sentiment thing. Then when it translates in to sale price, it becomes fact.

HAMISH_MCTAVISH

Cleaver wrote: »

So you're agreeing with me, it's based on someone's opinion.

I'm not having a go Hamish, as I often agree with you when you bring people up on the fact that they aren't using reliable, factual data.

Surveyor's generally value homes for people buying them, right? My experience of buying a few places is that they always just valued the property for the price we were buying it at. Isn't the article in your original post a sign that the price people are willing to pay looks to be on the up? It's more a sentiment thing. Then when it translates in to sale price, it becomes fact.

No, asking prices are a sentiment thing.

Surveyors are retained by the banks to value for mortgage purposes.

So you'd have to admit their reported data is more reliable and factual than sentimental.

Graham_Devon

Ho hum.

D) Ignore.

Cleaver

HAMISH_MCTAVISH wrote: »

No, asking prices are a sentiment thing.

Surveyors are retained by the banks to value for mortgage purposes.

So you'd have to admit their reported data is more reliable and factual than sentimental.

Oh, I don't think I can be bothered. You're a machine.

But... if a 'bear' came on here, and linked a post to an article that showed that surveyors reported that only 6% of houses were rising in value based on their opinion, would you comment under that article and confirm that yes, "prices are only falling in 6% of areas in the country"? Or would you question the fact that the article wasn't based on actual sold prices, and therefore wasn't valid?