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Land Registry Prediction
Pimperne1
Posts: 2,177 Forumite
Land Registry figures to be released at 1100 today.
Last few months:
May £161,823 -0.4
Apr £163,083 +0.8
Mar £160,996 -1.1
Feb £162,215 -0.8
Jan £163,177 +0.2
I am going for a slight increase (up to +0.3).
Land Registry repeat sales house price calculation has got to be the best around (people keep coming up with "What if the house has been significantly improved" - well agreed this could slightly affect the stats but not as much as comparing the sales price of different houses).
If the people who are expecting a 25% to 35% decrease by the summer of 2013 are to be proven correct then we should soon start seeing falls of about 1% each month. There were only 7 monthly falls in excess of 1% during the recent "crash" so to expect 24 seems a bit optimistic/pessimistic.
Last few months:
May £161,823 -0.4
Apr £163,083 +0.8
Mar £160,996 -1.1
Feb £162,215 -0.8
Jan £163,177 +0.2
I am going for a slight increase (up to +0.3).
Land Registry repeat sales house price calculation has got to be the best around (people keep coming up with "What if the house has been significantly improved" - well agreed this could slightly affect the stats but not as much as comparing the sales price of different houses).
If the people who are expecting a 25% to 35% decrease by the summer of 2013 are to be proven correct then we should soon start seeing falls of about 1% each month. There were only 7 monthly falls in excess of 1% during the recent "crash" so to expect 24 seems a bit optimistic/pessimistic.
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Comments
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Who thinks that?0
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If you are talking about the large fall then here is someone who predicted 40% to 50% falls between 2007 and 2013 (scroll down to Jonathan Davis). Admittedly its a bit out of date as this prediction was about 9 months ago (so his new prediction is the one I quote above and can linky if you are that interested).
http://housepricecrash.co.uk/0 -
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Not Again0
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Anyways.
Increase of 1%
Only due to being warm & the people with money moving up the ladder & buying more expensive housing. IE better areas, streets etc
IE lower volumes, higher prices = higher average house pricesNot Again0 -
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I am guessing a further drop locally, not sure nationally.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
I'm guessing that it's unchanged nationally.0
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