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Land Registry August: + 0.3% MoM, +6.7% YoY
HAMISH_MCTAVISH
Posts: 28,592 Forumite
28/09/2010
The August data from Land Registry's flagship House Price Index shows an annual price increase of 6.7 per cent which takes the average property value in England and Wales to £167,423.
The monthly change from July to August is an increase of 0.3 per cent.
All regions in England and Wales experienced increases in their average property values over the last 12 months.
The region with the highest annual price change is London with an increase of 11.4 per cent.
The region with the smallest annual price rise is the North East with a movement of 1.6 per cent.
The West Midlands experienced the greatest monthly rise with an increase of 1.2 per cent. Yorkshire and The Humber experienced the most significant monthly price fall with a movement of -1.4 per cent.
The most up-to-date figures available show that during June 2010, the number of completed house sales in England and Wales rose by nine per cent to 59,390 from 54,710 in June 2009.
The number of properties sold in England and Wales for over £1 million increased by 81 per cent between June 2009 and June 2010, from 331 to 599.
http://search.landreg.gov.uk/about_us/pressoffice/notices/default.asp?article_id=20944
:beer:
The August data from Land Registry's flagship House Price Index shows an annual price increase of 6.7 per cent which takes the average property value in England and Wales to £167,423.
The monthly change from July to August is an increase of 0.3 per cent.
All regions in England and Wales experienced increases in their average property values over the last 12 months.
The region with the highest annual price change is London with an increase of 11.4 per cent.
The region with the smallest annual price rise is the North East with a movement of 1.6 per cent.
The West Midlands experienced the greatest monthly rise with an increase of 1.2 per cent. Yorkshire and The Humber experienced the most significant monthly price fall with a movement of -1.4 per cent.
The most up-to-date figures available show that during June 2010, the number of completed house sales in England and Wales rose by nine per cent to 59,390 from 54,710 in June 2009.
The number of properties sold in England and Wales for over £1 million increased by 81 per cent between June 2009 and June 2010, from 331 to 599.
http://search.landreg.gov.uk/about_us/pressoffice/notices/default.asp?article_id=20944
:beer:
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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What was the haliwides for June/July, cba to look it up
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
The August LR data released at the end of Sept should indeed roughly relate to July mortgage data.
Nationwide July was -0.5%.
Halifax July was + 0.6%“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »The region with the highest annual price change is London with an increase of 11.4 per cent.
There is a London based crasher here who reckons house prices are crashing in his area. What are the chances we'll actually find out where in London this is?0 -
There is a London based crasher here who reckons house prices are crashing in his area. What are the chances we'll actually find out where in London this is?
Round my way, house prices are well up above 11%, so it probably means that some parts of London are only seeing rises of the 5-10% mark.
What part of London are you living in? Is there a particular reason why house prices are bucking the market in your area?
As an FTB, why not look at some of the up and coming areas near the new East London tube line or Cross rail to see where the bargains are0 -
nollag2006 wrote: »Round my way, house prices are well up above 11%, so it probably means that some parts of London are only seeing rises of the 5-10% mark.
What part of London are you living in? Is there a particular reason why house prices are bucking the market in your area?
I think you've misread my post, it is someone else claiming house prices are crashing "somewhere" in London.
I have no idea what they are doing near me, and I don't care having just bought! (SE15).0 -
I think you've misread my post, it is someone else claiming house prices are crashing "somewhere" in London.
I have no idea what they are doing near me, and I don't care having just bought! (SE15).
My mistake. A thousand apologies
Hope you are enjoying your new home.
One of my favourite Indians around the area is Ganapati:
http://www.guardian.co.uk/lifeandstyle/2010/jul/31/ganapati-london-se15-review
Well worth checking out0 -
nollag2006 wrote: »My mistake. A thousand apologies
Hope you are enjoying your new home.
One of my favourite Indians around the area is Ganapati:
http://www.guardian.co.uk/lifeandstyle/2010/jul/31/ganapati-london-se15-review
Well worth checking out
Cheers :beer:
I live about 10 minutes walk south of there.0 -
Hmm never looked at my local report before, my area has increased every month since June 2009, currently 9.6% YoY.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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Reckon next month land registry will go negative, hoping this month though. The lag /delay should have it negative like the others for Septembers release.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Blimey, they dropped 16% from early 2008 to March 2009 "round my way" but have nearly recovered, up 15% since then. Interesting.0
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