Land Reg April +0.8% MoM

chucky

HAMISH_MCTAVISH wrote: »

Guess Brit'll have to change his signature....

especially that his local area has ticked up that little bit more... shame that

Pimperne1

One of our regulars is conspicuous by his absence today. Wait, I think I geneer him coming.

shortchanged_2

I suppose the 1 house that sold in Wales last month must have struck lucky.

geneer

Pimperne1 wrote: »

One of our regulars is conspicuous by his absence today. Wait, I think I geneer him coming.

I think we all know which posters are on the verge of "coming" don't we pimp.

geneer

doire wrote: »

No fair doire.
We're not allowed to dig any deeper into the global averages.

The fact that london is the only place with +YOY (3% of which is in the last month apparently) and everywhere else is tanking, by as much as up to 8.1% (not even including inflation) is neither here nor there.

But I'm sure the sale of high end properties to bankers in london will be thrilling those in the NE.

Percy1983

I can't help notice how the OP only mentions the MOM and not the YOY, why is that?

geneer

Percy1983 wrote: »

I can't help notice how the OP only mentions the MOM and not the YOY, why is that?

Because then we might look at the county and metropolitan breakdown and see that an overwhelming majority of areas has seen continued, and in many cases significant, monthly falls.

DervProf

geneer wrote: »

No fair doire.
The fact that london is the only place with +YOY (3% of which is in the last month apparently) and everywhere else is tanking, by as much as up to 8.1% (not even including inflation) is neither here nor there.

Just about to correct you on that, but the South East includes London, so fair does.

Generali

Monthly figures are just noise. YoY is down very slightly <2%. Completions also fell YoY by 14%.

AFAICS there isn't much of a housing market in much of the UK ex-London and the SE at present. Buyers can't or won't pay the prices asked and sellers can't or won't sell at current prices.

Batchy

Generali wrote: »

Monthly figures are just noise. YoY is down very slightly <2%. Completions also fell YoY by 14%.

AFAICS there isn't much of a housing market in much of the UK ex-London and the SE at present. Buyers can't or won't pay the prices asked and sellers can't or won't sell at current prices.

Generali,

I agree with your comments, I dont think its the prices that are scaring people off at the moment. The FTBer friends I have are saving like mad at the moment moving home with mom and dad etc, to get on board.

Two problems

Availability of credit - Talked to death on here so you guys know what im talking about
Consumer confidence - We talk about future but in reality no one knows what it holds, people are scared of interest rates and there increasing effects on their future income/ with zero payrises.

When companies stop holding back pay and giving bumper bonus's to top brass, we as an economy will do ok, at the moment. Committed purchases CARS, HOUSES, people are taking a slightly sit and wait approach.

If anything with cars, they have significantly increased in value, so it doesnt help really, along with fuel price increases. I think everyone should start buying mopeds.

But what is the substitute for housing... house of mom and dad? it hasnt got much legs in it.