The Spring Bounce..... One for Graham.

Pimperne1

HAMISH_MCTAVISH wrote: »

Is this the point where we have to explain mix adjustment and hedonic regression to geneer.....

Again.:eek:

Oh, pleeeeeeeeeease Noooooooooooooo.:o

HAMISH_MCTAVISH

Pimperne1 wrote: »

Oh, pleeeeeeeeeease Noooooooooooooo.:o

:rotfl::rotfl::rotfl:

FTBFun

AndyGuil wrote: »

London house price rises are driven by high value properties that people do not purchase with a mortgage. The lower value properties are falling.

Are you sure about that?

I would like to see some evidence if you have it.

chucky

HAMISH_MCTAVISH wrote: »

Nationwide January 2011 - £161,602

Nationwide May 2011 - £167,208

that must be the next leg down that has been happening since October last year.

btw... when there is a crash or prices fall aren't these nominal amounts meant to be lower??

Percy1983

Looks great to me

Jan 11 £93,816

Apr 11 £90,024

Oh wait the LR figures are 3 months out, I will look at last years spring bounce then:

Apr 10 £97,271

Jul 10 £91,762

Yes it boomed last year... oh wait...

Its great up north from my point of view.

93,16

geneer

HAMISH_MCTAVISH wrote: »

Is this the point where we have to explain mix adjustment and hedonic regression to geneer.....

Again.:eek:

:rotfl:

This surely must be the point where Hamish explains how mix adjustment and hedonic regression work assist when averaging all types of houses across all of the UK.


Because in case you missed the actual point, the over all UK average you consistently ruin your wee man over very much appears to mean sweet FA to a lot of people in a lot of areas.

Can't believe I've had to explain this...
Again:eek:

AndyGuil

FTBFun wrote: »

Are you sure about that?

I would like to see some evidence if you have it.

http://www.globaledge.co.uk/news/italian-cash-buyers-skewing-london-house-36757
http://www.ft.com/cms/s/0/e21067dc-8f9e-11df-8df0-00144feab49a.html#axzz1O7R0Pv6Q
http://regents-park-lettings.blogspot.com/2011/03/london-property-market-skewed-by.html

http://www.guardian.co.uk/business/2011/feb/21/london-property-prices-bankers-bonuses
http://www.telegraph.co.uk/property/8530943/Overseas-buyers-aiming-for-high-end-properties.html
http://www.telegraph.co.uk/finance/economics/houseprices/8366465/House-prices-London-1m-houses-jump-rest-of-country-falls.html
http://www.propertywire.com/news/europe/prime-property-central-london-201106025236.html

Pimperne1

Percy1983 wrote: »

Looks great to me

Jan 11 £93,816

Apr 11 £90,024

Oh wait the LR figures are 3 months out, I will look at last years spring bounce then:

Apr 10 £97,271

Jul 10 £91,762

Yes it boomed last year... oh wait...

Its great up north from my point of view.

93,16

Actually if you live up north or in Wales then you are in a pretty good position as house prices do seem to be going down there. Good for you.

FTBFun

AndyGuil wrote: »

http://www.globaledge.co.uk/news/italian-cash-buyers-skewing-london-house-36757
http://www.ft.com/cms/s/0/e21067dc-8f9e-11df-8df0-00144feab49a.html#axzz1O7R0Pv6Q
http://regents-park-lettings.blogspot.com/2011/03/london-property-market-skewed-by.html

http://www.guardian.co.uk/business/2011/feb/21/london-property-prices-bankers-bonuses
http://www.telegraph.co.uk/property/8530943/Overseas-buyers-aiming-for-high-end-properties.html
http://www.telegraph.co.uk/finance/economics/houseprices/8366465/House-prices-London-1m-houses-jump-rest-of-country-falls.html

Thanks for the response.

OK your first link is from November 2009 - not sure how that's still relevant to now?

The FT link is paywalled.

Link 3 is from a blog with no supporting evidence.

The Guardian makes reference to banker's bonuses but not to the London market as a whole. There is something about asking prices only being met in the richer parts of London but that's not the same thing you said.

The first Telegraph link says "overseas buyers aiming for high-end properties". There is no reference in that article to there only being higher end sales and lower end prices falling.

The second Telegraph link is about the £1 million+ homes increasing before the stamp duty increase. Again there is no reference to lower end prices falling (it has a comment from a "brit1234" btw).

The last link you just added talks about prime property having interest in the summer. There is nothing about property prices in the capital as a whole

This is what you said:

London house price rises are driven by high value properties that people do not purchase with a mortgage. The lower value properties are falling.

Please show me evidence that lower value London properties are falling and only high value ones are increasing, presumably enough to cancel out the lower value falls?

AndyGuil

FTBFun wrote: »

Thanks for the response.

OK your first link is from November 2009 - not sure how that's still relevant to now?

The FT link is paywalled.

Link 3 is from a blog with no supporting evidence.

The Guardian makes reference to banker's bonuses but not to the London market as a whole. There is something about asking prices only being met in the richer parts of London but that's not the same thing you said.

The first Telegraph link says "overseas buyers aiming for high-end properties". There is no reference in that article to there only being higher end sales and lower end prices falling.

The second Telegraph link is about the £1 million+ homes increasing before the stamp duty increase. Again there is no reference to lower end prices falling (it has a comment from a "brit1234" btw).

This is what you said:



Please show me evidence that lower value London properties are falling and only high value ones are increasing, presumably enough to cancel out the lower value falls?

I've added one more to that list. The focus of the international buyers is on the higher value properties. The high price increases do offset the falls of lower value properties but is mostly because the volume of trades is small and has enabled this. Also there is a free log in for the FT to view a limited number of pages per month.