Land Registry Unchanged

doire_2

How exciting!

http://www1.landregistry.gov.uk/upload/documents/HPI_Report_Jun_11_bs2tv5.pdf

MFW_10YRS_4

North East down by 2.1 and Wales up by 2.8 with London having a static month.

the_flying_pig

so we do seem to be close to stagnation territory. gentle[ish] falls in most parts of the country, [very] gentle increases in London.

Wales: +2.8% MoM ;-4.4% YoY
South East: +1.3% MoM ;-0.7% YoY
West Midlands: +1.1% MoM ;-1.3% YoY
East: +0.3% MoM ;-2.6% YoY
London: -0.1% MoM ;+0.8% YoY
East Midlands: -0.4% MoM ;-2.9% YoY
Yorkshire & The Humber: -0.7% MoM ;-3.5% YoY
North West: -1% MoM ;-5.2% YoY
South West: -1% MoM ;-2.9% YoY
North East: -2.1% MoM ;-7.1% YoY

MFW_10YRS_4

Some of those YoY values are quite large. does anyone know what the YoY figures were for the previous year?

Especially for the worst hit:

Wales: +2.8% MoM ;-4.4% YoY
North West: -1% MoM ;-5.2% YoY
North East: -2.1% MoM ;-7.1% YoY

DervProf

These figures make some of the rather more bullish headlines of late seem more like ramping than reporting the facts. I know there is lag in the land registry reports, but even if we have had a few "good" months since the LR's data was compiled, I think it's a bit early for "whoopee do" reporting.

Looking at the LR report, I see annual price falls as the main theme. Depending on you stance, that could be good or bad news. I happen to think that it's a fair reflection on the state of the economy, and I believe it is what the property market needs at the moment to bring prices back to a level where things can start to move forwards again.

Sibley

The property market doesnt need prices to fall. They need to rise.

DervProf

Sibley wrote: »

The property market doesnt need prices to fall. They need to rise.

No, you want/need prices to rise. Many others can see beyond their own personal "gain".

Anyway, I thought you said that "we" won't allow property prices to fall. It appears that some of you are allowing that to happen. Sibley, I think some of you are failing in your task.

ukcarper

MFW_10YRS wrote: »

Some of those YoY values are quite large. does anyone know what the YoY figures were for the previous year?

Especially for the worst hit:

Wales: +2.8% MoM ;-4.4% YoY
North West: -1% MoM ;-5.2% YoY
North East: -2.1% MoM ;-7.1% YoY

Nationally June 2010 +8.4%, Wales +6.2%, North West +4.4%, North East +2.8%

DaddyBear

Sibley wrote: »

The property market doesnt need prices to fall. They need to rise.

Link??????

MFW_10YRS_4

ukcarper wrote: »

Nationally June 2010 +8.4%, Wales +6.2%, North West +4.4%, North East +2.8%

That's surprising. Pretty stagnant then over the two years, for the most part.

Percy1983

Sibley wrote: »

The property market doesnt need prices to fall. They need to rise.

If you jusy say 'I don't need prices to fall, I need them to rise' then we will leave you alone with your tinfoil hat.

I will say for a while back you were enter debates with some reasonable points, now you are just a troll.