Land Registry for Feb -0.3% +7% YOY

Really2

Reflecting the falls in the other indexes, just not as steep.
http://www.landregistry.gov.uk/www/wps/portal/!ut/p/c1/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gfN1MTQwt381BD_2A3A08LT2cL49AwIwMDY6B8JB55Q2J0G-AAjgYEdIeDXIvfdpA8HvP9PPJzU_ULckMjDLJMFAF9iqN5/dl2/d1/L2dJQSEvUUt3QS9ZQnB3LzZfTEY1NDE4RzdVMU9TRjBJOElDODNVVjIwMDM

Mids and north had an OK month though. South and east not so good.

reef

We're still -6.2% YOY here in Hull and currently 19.2% down on peak. Transactions numbered less than 225 in every month in 2009 aswell, compared to around 600 per month from 2002-2007. The market is dead, nearly all the same houses are on as when we bought almost a year ago.

phil_b_2

Land Reg reckons the north east is -2.3% Annual.

It's unlucky if you're in London, +12%!

DaddyBear

Interesting stuff, especially considering the 3-month lag. There may be trouble ahead.
Other side of the coin - it shows the first rise in Bath for 6 months... you win some, you lose some.

Really2

DaddyBear wrote: »

it shows the first rise in Bath for 6 months...

Perhaps they left the tap on?

Or someone got in?..........Eureka.

Generali

DaddyBear wrote: »

Interesting stuff, especially considering the 3-month lag. There may be trouble ahead.
Other side of the coin - it shows the first rise in Bath for 6 months... you win some, you lose some.

You might need to change your signature.

stueyhants

DaddyBear wrote: »

Interesting stuff, especially considering the 3-month lag. There may be trouble ahead.
Other side of the coin - it shows the first rise in Bath for 6 months... you win some, you lose some.

I wonder why the figures don't tally with the increases shown by the Haliwide Dec/Nov figures ?

Could it be the higher % of stamp duty exempt houses (125k-175k) bought in those months bringing the average price down. I know the mix adjustment factors should smooth this out but perhaps the Land registry technque isn't as good as the haliwide methods. Or could it be the haliwide methods applied too much smoothing and the rises in Dec/Nov were not really as good as published.

Thoughts ?

Really2

stueyhants wrote: »

I wonder why the figures don't tally with the increases shown by the Haliwide Dec/Nov figures ?

Could it be the higher % of stamp duty exempt houses (125k-175k) bought in those months bringing the average price down. I know the mix adjustment factors should smooth this out but perhaps the Land registry technque isn't as good as the haliwide methods. Or could it be the haliwide methods applied too much smoothing and the rises in Dec/Nov were not really as good as published.

Thoughts ?

The lag is in reality up to 3 months, perhaps the lower figures mean they can process the info quicker?

DaddyBear

Generali wrote: »

You might need to change your signature.

Already have done.

DaddyBear

Love the BBC take on the DROP in the monthly figures. Apparently HPI is increasing. How strange that they should now start focusing on the YOY figure. Anyone refusing to believe that the BBC is full of VI's needs to have a rethink. Absolute jokers.
This isn't just bad journalism, it's tax-funded bad journalism.

zappahey

DaddyBear wrote: »

Love the BBC take on the DROP in the monthly figures. Apparently HPI is increasing. How strange that they should now start focusing on the YOY figure. Anyone refusing to believe that the BBC is full of VI's needs to have a rethink. Absolute jokers.
This isn't just bad journalism, it's tax-funded bad journalism.

Since they just regurgitated the Land Registry press release, and reflected the emphasis that the LR put on the numbers, I'll accept that they've been lazy, but VIs? I suspect not.