Land Registry August: + 0.3% MoM, +6.7% YoY

FTBFun

brit1234 wrote: »

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.

Well, you hope. Personally I think the market will be fairly stagnant the rest of the year.

Serious bit: have you not thought of moving somewhere more affordable rather than hoping that prices will fall in your area? That's what I had to do to be able to afford my own place.

nollag2006

brit1234 wrote: »

Reckon next month land registry will go negative...

Is this the same twit1234 in early 2009 that predicted falls from peak of 50% by Christmas?? Meanwhile house prices in Hounslow rose by almost 15% !!!!!

Your track record of predictions is pretty appalling - can't see that changing any time soon.

:rotfl:

nollag2006

FTBFun wrote: »

Blimey, they dropped 16% from early 2008 to March 2009 "round my way" but have nearly recovered, up 15% since then. Interesting.

This is not unusual in large swathes of London. The trough in London prices was early 2009 and most places have recovered well since then.

Missing the bottom of the market really seems to infuriate many of the bears, particularly someone like brit1234 who was in a position to buy in Brentford in early 2009 but held out for further price falls.

Shame really

:rotfl:

bigbigmamamoo

any figures for Scotland?

HAMISH_MCTAVISH

bigbigmamamoo wrote: »

any figures for Scotland?

Scotland has reached a new all time high average price.:beer:


Last available are July 2010,

Scotland Average Price £163,347

http://www.ros.gov.uk/pdfs/la_july_10.pdf


Compared to the trough in March 2009.

Scotland Average Price £136,192

http://www.ros.gov.uk/pdfs/la_mar_09.pdf


And previous peak in July 2007.

Scotland Average Price £160,592

http://www.ros.gov.uk/pdfs/la_jul07.pdf


The average price should now show a seasonal decline over winter, as it does every year, so the buying opportunity will be Dec-Feb, as it is every year.

Generali

FTBFun wrote: »

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?

Probably means London in County Tulare, CA. Case Shiller showed nominal prices in San Francisco and LA down over 37% over the period peak-Dec 2009.

HAMISH_MCTAVISH

Seems Land registry for July was also revised upwards.

From +0.4% to +0.6%.

DaddyBear

The only index worth bothering with. Certainly looks like stagnation and with downward pressures set to continue I can't see anything but stagnation for several years.

nollag2006

DaddyBear wrote: »

The only index worth bothering with. Certainly looks like stagnation and with downward pressures set to continue I can't see anything but stagnation for several years.

If you class +6.7% YOY growth as stagnation, then I'd happily take that !!

Actually I think we will probably end the year about 5% up on the start, with growth accelerating next year

tomterm8

Interesting. Given all the negative house price information on the forum, it is nice to see something that matches my personal observations that house prices seem to be increasing at a fair clip in my area.