Debate House Prices
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Nationwide: House Prices fall again
brit1234
Posts: 5,385 Forumite
Monthly figures down 0.2%, yearly down 1.3%. :beer:
Spring bounce anyone? :rotfl:
http://www.bbc.co.uk/news/business-13268122
Spring bounce anyone? :rotfl:
http://www.bbc.co.uk/news/business-13268122
:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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UK house prices remaining static, Nationwide says.
No news is good news eh Brit?0 -
Blacklight wrote: »UK house prices remaining static, Nationwide says.
No news is good news eh Brit?
Its good news because it represents the transition phase of the short lived spring bounce. The important thing is the large change in year on year figures which were positive last month.
Price falls will get bigger in the coming months.
PDF link to main report
http://www.nationwide.co.uk/hpi/historical/Apr_2011.pdf:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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Spring bounce = increased transactions.
If prices traditionally wen't up in spring by x% they would be removed by a seasonal adjustment. (which you will notice they have as prices actually rose nearly £1K)
But not to take it away -0.2% is a massive fall houses are only just over £4300 more expensive than January now.
House prices have not moved more than 5% since Sept 2009, that looks to be fairly stagnant.0 -
Price falls will get bigger in the coming months.
Well considering prices rose £1000 or so between march and april, you'd better hope so.
(unless you know anyone selling houses in "seasonally adjusted" prices):rotfl:
Anyway....
Prices UP 0.5% this month in cash terms. (not seasonally adjusted)
Prices UP 0.6% on the 3 month on 3 month rolling figure.
Not exactly crashtastic news....“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 -
We live in a so called "affluent" area outside Glasgow and prices are definitely decreasing. I have been watching them for the last 2 years and they have decreased by at least 20% with not much shifting. This is the high end of the market. Not looking good here.0
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Monthly figures down 0.2%, yearly down 1.3%. :beer:
Spring bounce anyone? :rotfl:
http://www.bbc.co.uk/news/business-13268122
Why do you care? It's not like you're ever buying a house.0 -
he forgot the 3 month stat which shows something that he doesn't like, it wasn't too long ago that Brit and the likes f you were using the quarterly numbers - why not use them now... desperate is very apt for people like Brit and yourself...Graham_Devon wrote: »Whats desperate about stating house prices fall again, when they fall 0.2%?
It's stating absolute fact.
this next leg down is taking it's time isn't it...0
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