House prices up £5000 in a year. Property Still Strong.

Blobby8_2

ukcarper wrote: »

Using latest Land registry figures average house price
Oct 1009 £160,118
Oct 2010 £165,505

I’m not making any comment on what it will be at end of year

Not much of a gain in over a thousand years?

N1AK

Euphoria1z wrote: »

my property was valued a few weeks back, ive lost 15k on paper as the surveyor valued it 9% less than what i paid for it in 2007 and its in Edinburgh. :(

He must be wrong Euphoria1z. HAMISH and his buyer posse have been acting as one to maintain selling prices. Edinburgh is their pièce de r!sistance.

lemonjelly

Graham_Devon wrote: »

Try Jan - Dec

Or even Dec - Dec.

Most people don't think of a year as Oct-Oct. And it's not what the article is about, either.

Surely Oct-Oct is a year?

A year isn't strictly defined as Jan-Dec.

A year is a 12 month period, 365 days (and a quarter for the pedants...), 52 weeks.

The tax year runs april-march, is that not a year?
An academic year runs September-August, is that not a year?

Surely if you are at a point in time, & you have a figure, & you wish to compare it, it is reasonable to compare & contrast it to the price of the same object 12 months ago is it not?

Graham_Devon

lemonjelly wrote: »

Surely Oct-Oct is a year?

A year isn't strictly defined as Jan-Dec.

A year is a 12 month period, 365 days (and a quarter for the pedants...), 52 weeks.

The tax year runs april-march, is that not a year?
An academic year runs September-August, is that not a year?

Surely if you are at a point in time, & you have a figure, & you wish to compare it, it is reasonable to compare & contrast it to the price of the same object 12 months ago is it not?

Well it is, but it's not what the article uses.

No doubt they have used that figure in the past, though.

ukcarper

Blobby8 wrote: »

Not much of a gain in over a thousand years?

Thanks I’ve edited it now.

ukcarper

Graham_Devon wrote: »

Well it is, but it's not what the article uses.

No doubt they have used that figure in the past, though.

I’m not sure where he got that figure from probably Zoople Land registry price for average semi is only £156,176.

chucky

ukcarper wrote: »

Using latest Land registry figures average house price
Oct 2009 £160,118
Oct 2010 £165,505

I’m not making any comment on what it will be at end of year

looks like prices didn't crash in 2010 or even 2009 then - i've been told otherwise on here...

chin up people, remember a stopped clock is right twice a day...

PasturesNew

There's a lovely flat that came to my attention recently because of its panoramic and fabulous water views.... it went to auction last month and didn't sell. So I've looked it up. It's now on at £90k, went to auction at a guide of £100k and was originally bought (new?) for £150k in 2005.

It is lovely ... if only I wanted a flat it could have been on the list. But it's too remote.

System

The comments :rotfl:

I like this

5,000 profit is very good, considering you reported on Monday that house prices had fallen by 3% in four weeks

How can anyone be so stupid?

Batchy

just checked on zoopla, my house is up over 5k from an Aug 2010 purchase!

Ive paid my debt down 1k since then too, and spent my savings improving it, instead of saving or paying down the mortgage more than necessary. Capital appreciation on top of the zoopla valuation.

Good times!