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MSE News: Halifax: house prices down 1.5% in February
Comments
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http://www.lloydsbankinggroup.com/media/pdfs/research/2010/HousePriceIndexFeb2010.pdf
linky
SurpriseAt the same time, the bad weather in the first two months of 2010, together with the return of the lowest stamp duty threshold to £125,000, are likely to have had an adverse impact on housing demand. The combination of these factors appears to have helped to curb the upward pressure on house prices."
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So because we had snow people decided to lower their asking prices?
How does that work then?0 -
Yeah baby read the data
:cool:
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Actually thats a good point.
How does snow bring down the completion price of a house?
I can see how it would effect the numbers selling, but not sure I appriciate how it would actually effect the price negotiated.0 -
Surely since this is mix adjusted, bad weather has no effect on it.0
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I presume this will be put down to weather and stamp duty?
A bit of negative noise for a change
Nice pre-emptive strike
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Surely since this is mix adjusted, bad weather has no effect on it.
I suppose seasonal adjustment is based on an average winter ( Do they make it more or less seasonal for a colder or milder winter?). But it is not just blamed on the weather is it?
Like I said if I was buying now I would now put stamp duty into my costs if under £175K.
So I would end up offering lower, most do buy on a budget.0 -
the point is that it snowed all of January and February and it will continue to snow through March and into June and July. Which is great news if you like to buy stuff on the cheap
:cool:
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So a lot of people couldn't complete in December.Not Again0
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