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Debate House Prices


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Land Reg Oct -0.8%

24

Comments

  • AD9898_2
    AD9898_2 Posts: 527 Forumite
    Are people still reading these figures as some kind of 'gospel' ? The figures are only really relevant in a proper functioning market.

    The reality is, forget a big crash without forced sellers and forget 'real' gains country wide without 70,000 approvals a month and banks that want to lend money.

    These figures are almost completely meaningless when taken in the context of what is happening.
    Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    angrypirate wrote: »
    I see the BBC have managed to not report this.

    What's the point anyhow, hardly news worthy, is it?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    angrypirate wrote: »
    I see the BBC have managed to not report this. Bet there would have been a nice headline had it been positive

    Hmm, Ireland is screwed, Portugal looks like it might be next, house prices were down by 0.8% 2 months ago and North and South Korea might be about to have a nuclear war.

    I feel a poll coming on.


    https://forums.moneysavingexpert.com/discussion/2887298
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Round my way it is -1% and the annual change is -0.2%.

    At this rate it might not take as long to to get my deposit as I thought it would.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    AD9898 wrote: »
    Are people still reading these figures as some kind of 'gospel' ?

    Land Registry data is the only worthwhile data so if there was a Gospel this is it.

    The headline figure doesn't matter much (other than confidence) but the localised, house type data is vital.

    Its also what buyers research & mortgage valuers value from.

    So at a level, yes, it is Gospel.
    Not Again
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    Doctor_Gloom wrote: »
    The crash continues....with no end in sight.

    Won't affect you then.

    Greater London +0.3%, 7.6% for the year.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Good.

    About time too.
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    Only London and the East of England registered property price rises compared with September

    That's the only area I care about.:beer:
    We love Sarah O Grady
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    Only London and the East of England registered property price rises compared with September

    That's the only area I care about.:beer:

    My house has gone up again.
    We love Sarah O Grady
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Sibley wrote: »
    That's the only area I care about.:beer:

    My house has gone up again.

    Your house has gone up and my potential house has gone down, everybody wins!

    Out of interest what do you have to gain from rises again?, I am set to get an affordable family home so I can start a family.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
This discussion has been closed.
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