Land Registry - 28 March 2011 - -0.8%/1.7%

B_Blank

Wookster wrote: »

London's 3.2% is probably weighted to the nicer & more high end (£1m+) parts and properties. It'd interesting to see the move by borough.

Still, its a pretty muted result given all the crutches to the market - ultra low IRs, QE, banks not really reposessing customers in arrears.

Still to come - full effects of inflation, IR rises, public sector cuts.

Not much upward pressure on prices!

Yup, some massive massive falls to come if the market is falling despite ir rises, cuts and inflation not having true effect yet.

Its gonna get worrying for the indebted ones!

ess0two

B_Blank wrote: »

Yup, some massive massive falls to come if the market is falling despite ir rises, cuts and inflation not having true effect yet.

Its gonna get worrying for the indebted ones!

London is bucking the trend,thats your're area,nothing to worry about for you.:beer:

chucky

gingertips wrote: »

6 months of consecutive falling prices and I will believe the hype that prices are dropping

sorry it doesn't work like that.

there were over 6 months of house price rises in 2009 and people were still denying there were house price rises.

"There are none so blind as those that will not see"

Graham_Devon

Sibley wrote: »

What I find highly amusing now is watching HPC responses to good and bad news.

When any data is released that indicates upward movement of good news they totally blank it out. Anything and I mean anything that gives a downward indication and WHAM they bung hundreds of ' It's here' ' Crash speed ahead' posts on their board. :rotfl:

Makes you realise what a desperate bunch of losers stay on there now. They really wanted us to know about this important news. They have a thread dedicated to showing those on MSE. :rotfl:

Eh?

When prices rise, your here posting threads from HPC laughing at them and quoting the posts they make on the threads discussing house price rises.

When they fall, you are here suggesting they don't make any threads and ignore house price rises.

Can't be both.

dtsazza

FTBFun wrote: »

FYI - my borough (Southwark) has a 4% YOY increase. Like most of London though it is fairly mixed - you get the expensive stuff near London Bridge and places like Dulwich, middling places like East Dulwich, and shitholes like anywhere near the Old Kent Road/Bermondsey. I'd say apart from the obvious candidates (Chelsea and Kensington, Westminster) most boroughs have a fair mix of properties.

OMG, it's fractal!

I wouldn't say Bermondsey is that much of a shithole - certainly not the eponymous Bermondsey Street itself. If anything it's a bit poncy and expensive; lots of middle-range restaurants, gardens and parks nearby, etc. It turns less nice pretty quickly in some directions, though, I'll grant you that.

Not that this is really related to this thread, but echoing an earlier poster it would be interesting to see a breakdown of prices at an even more fine-grained that borough level. There's just so much variation almost on a street-by-street basis that a figure for the relatively large Southwark is still massively compounded for someone who's interested in a particular part of London.

Generali

dtsazza wrote: »

OMG, it's fractal!

I wouldn't say Bermondsey is that much of a shithole - certainly not the eponymous Bermondsey Street itself. If anything it's a bit poncy and expensive; lots of middle-range restaurants, gardens and parks nearby, etc. It turns less nice pretty quickly in some directions, though, I'll grant you that.

Not that this is really related to this thread, but echoing an earlier poster it would be interesting to see a breakdown of prices at an even more fine-grained that borough level. There's just so much variation almost on a street-by-street basis that a figure for the relatively large Southwark is still massively compounded for someone who's interested in a particular part of London.

You can get data out of the LR and other websites using LR data. The problem is, if you look at the data at too granular a level the noise overtakes the trend. A single probate sale or purchase by an idiot with more bonus than sense can have a big skew on smaller numbers of sales.

I agree with what you say though. In many parts of Central London, prices can double or half within a few hundred metres. Just look at the prices as you walk from the Barbican to Angel Tubes via Finsbury.

Wookster

ukcarper wrote: »

it's in the report

Well I had a look and I have to say the area in which I live - a rather nice art of South West London, has fallen over the last few months. It is a rather nice, leafy, wealthy part of London, much sought after as well, and it has still fallen.

Make no mistake, falls are on the way.

ukcarper

Wookster wrote: »

Well I had a look and I have to say the area in which I live - a rather nice art of South West London, has fallen over the last few months. It is a rather nice, leafy, wealthy part of London, much sought after as well, and it has still fallen.

Make no mistake, falls are on the way.

All of the boroughs are positive over the year but I must admit I will be surprised if that's the same this time next year.

Generali

ukcarper wrote: »

All of the boroughs are positive over the year but I must admit I will be surprised if that's the same this time next year.

They are all positive but that's only in nominal terms. Mostly they're falling once you adjust for inflation.

ukcarper

Generali wrote: »

They are all positive but that's only in nominal terms. Mostly they're falling once you adjust for inflation.

About half are over 4%. I’m pretty sure only the extreme bulls, I think you know who I mean, would argue against real term falls.

Although I suppose if you want to buy you need to compare with wage inflation.