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Land Registry -0.3% MoM, -2.6% YoY

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Comments

  • brit1234
    brit1234 Posts: 5,385 Forumite
    Riona we all know vested interest speak of flat and stagnant actually mean falls.

    If the market was so flat then why oh why are the yearly figures down for another year?

    Remember these figures include the foreign investor central London distortions, once that ends the price falls will appear far bigger.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • adwat
    adwat Posts: 255 Forumite
    Mortgage-free Glee!
    brit1234 wrote: »
    Its not wanting to buy cheap and sell high. Its wanting prices to come down so they are affordable again.

    At the moment they are far too high compared to historical figures. They are correcting and were correct further when interest rates go back up.

    I would be happy for them to fall back to normal and stay there for the rest of my life. I do not want them to go up after I buy because it will put me into more debt when I want to upsize.

    It will be interesting to see whether you feel the same way as and when you do eventually take out a mortgage lol :rotfl:
    MFi3T2 #98 - Mortgage Free 15/12/2011
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    brit1234 wrote: »
    Riona we all know vested interest speak of flat and stagnant actually mean falls.

    If the market was so flat then why oh why are the yearly figures down for another year?

    Remember these figures include the foreign investor central London distortions, once that ends the price falls will appear far bigger.

    Nationwide is currently showing a 0.3% fall YoY. I consider that to be a flat/stagnant market.
    If I don't reply to your post,
    you're probably on my ignore list.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Rinoa wrote: »
    Nationwide is currently showing a 0.3% fall YoY. I consider that to be a flat/stagnant market.

    Not flat or stagnant in terms of total transactions though when compared for the same periods of 2010.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Rinoa wrote: »
    Nationwide is currently showing a 0.3% fall YoY. I consider that to be a flat/stagnant market.


    I consider Nationwide to be a small piece of the pie in terms of the market
  • Aberdeenangarse
    Aberdeenangarse Posts: 1,262 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Rinoa wrote: »
    Nationwide is currently showing a 0.3% fall YoY. I consider that to be a flat/stagnant market.

    If your salary was reduced by 0.3% would you say it had dropped or was stagnant? ;)
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    It has to be said that this is a small fall.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    Thrugelmir wrote: »
    Not flat or stagnant in terms of total transactions though when compared for the same periods of 2010.

    If you like, a tad pedantic i would suggest though. And when comparing transactions LR only compare up to July. Mortgage approvals have increased markedly this past few months.

    On a side note, if their transaction figures are from July, one wonders what lag there is on price information.
    If I don't reply to your post,
    you're probably on my ignore list.
  • joguest
    joguest Posts: 233 Forumite
    adwat wrote: »
    It will be interesting to see whether you feel the same way as and when you do eventually take out a mortgage lol :rotfl:

    We've got two mortgages (with 99% and 60% equity at today's prices). I'd be more than happy if prices fell 90% - we could sell our first house and buy one worth five times as much with cash. It's only the desperately indebted and those close to downsizing in old age that want prices to rise.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    Aberdeenangarse wrote: »
    If your salary was reduced by 0.3% would you say it had dropped or was stagnant? ;)

    geneer will be along later claiming a 0.3% fall represents a crash ;)
    If I don't reply to your post,
    you're probably on my ignore list.
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