MSE News: Nationwide - slight fall in house prices

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"Prices resumed their downward trend in April as the market remained volatile. The average home lost 0.2% in value ..."

Read the full story:
Nationwide: slight fall in house prices




This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.

JimmyTheWig

All these different monthly figures are meaningless to me.
Is there a graph anywhere (I'm sure Martin would be happy to do one!) of the various different measures of house prices over, say, the last three years?

CloudCuckooLand

Nationwide's press release contains some graphs... http://www.nationwide.co.uk/hpi/historical/Apr_2011.pdf

http://www.housepricecrash.co.uk/graphs-index.php has a range of graphs, incuding the Nationwide figures, though won't be updated instantly...

I like using http://www1.landregistry.gov.uk/house-prices as you can be specific about location, period, etc...though its a couple of months behind and therefore slightly dated information - or is more accurate because it counts reality, not just mortgage approvals, which might not have proceeded...depending on which side of the fence you sit.


[IMG]http://www1.landregistry.gov.uk/Apps/house-prices/house-price-index-custom-reports/hpi_report.asp?g=1&gt=1&a=E&W-ALL&s=01 June 2007&e=01 March 2011&t=1[/IMG]


[IMG]http://www1.landregistry.gov.uk/Apps/house-prices/house-price-index-custom-reports/hpi_report.asp?g=1&gt=1&a=Blackburn+With+Darwen&s=01 June 2007&e=01 March 2011&t=1[/IMG]

JimmyTheWig

That's great, CloudCuckooLand. Very interesting.
For a 3 year timescale, the fact that the Land Registry isn't totally up to date doesn't matter.

Shows things have dropped by 5% around here in the last 3 years. Interesting. My guess from estate agent windows was that they've stayed the same. I guess they're not fetching their asking prices.

Not that it really matters to us. Have no plans to move. And when we do we'll be buying and selling, so doesn't make much difference. Just looking out of interest.

Henry_P_Chester

MSE_Guy wrote: »

This is the discussion thread for the following MSE News Story:

"Prices resumed their downward trend in April as the market remained volatile. The average home lost 0.2% in value ..."

Read the full story:
Nationwide: slight fall in house prices




This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.

And land registry prices dropped by 1.1% the largest fall since 2009:

http://imarketnews.com/?q=node/30247