We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
UK house prices down for sixth month (CLG)
worldtraveller
Posts: 14,013 Forumite
House prices dipped by 0.7% in September, the sixth month in a row to show a year-on-year drop.
The typical UK house sold for £207,326, the Department for Communities and Local Government (CLG) said, a figure which has not been seasonally adjusted.
The price is 1.4% lower than the same time last year.
Country
-11.6%, Northern Ireland
-3.4% in Wales
-3.3% in Scotland
-1.1% in England.
Average house prices decreased in eight of the nine English regions over the year to September 2011.
-5.2% North East (largest decrease)
-0.8% South East (smallest decrease)
+2.8% London (only increase)
Communities and Local Government (pdf)
The typical UK house sold for £207,326, the Department for Communities and Local Government (CLG) said, a figure which has not been seasonally adjusted.
The price is 1.4% lower than the same time last year.
Country
-11.6%, Northern Ireland
-3.4% in Wales
-3.3% in Scotland
-1.1% in England.
Average house prices decreased in eight of the nine English regions over the year to September 2011.
-5.2% North East (largest decrease)
-0.8% South East (smallest decrease)
+2.8% London (only increase)
Communities and Local Government (pdf)
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
0
Comments
-
Lies! Damn lies.
Hamish told me they were going up.0 -
Think this is the important bit.Average house prices increased by 0.6 per cent over the quarter to
September, compared to a quarterly decrease of 0.8 per cent over
the quarter to June (seasonally adjusted)
Next leg up started.0 -
Think this is the important bit.
Next leg up started.
It's either the important bit or a crumb of comfort, you decide.
Actually IIRC, this is the only series that you can't really use to compare YoY as the methodology is reset every January so it doesn't make sense to compare across years. It does seem to be consistent with all the other indices, ie that prices are very slowly trending downwards in nominal terms. It'll be interesting to see what happens as RPI (presumably) falls next year as VAT increases drop out.0 -
Tell this to all the SOLD signs springing up all over the place ..... as much as I would want to deny it, property is selling like hot cakes around here now.Bringing Happiness where there is Gloom!0
-
-
EchoLocation wrote: »They'll be the one's that dropped their price then
No drop in price ..... but, may have accepted 99% of asking?Bringing Happiness where there is Gloom!0 -
-
Tell this to all the SOLD signs springing up all over the place ..... as much as I would want to deny it, property is selling like hot cakes around here now.
I wonder how many of those sales are actually being completed?0 -
What else to expect from an economy that generates 30% of its GDP through financial transactions (money that largely concentrated in and around London), with over 20% youth unemployment and which last quarter grew even slower than Spain and Italy.... It is only because the BoE is printing Sterling as if there was no tomorrow that house prices have not collapsed completely.0
-
What else to expect from an economy that generates 30% of its GDP through financial transactions (money that largely concentrated in and around London), with over 20% youth unemployment and which last quarter grew even slower than Spain and Italy.... It is only because the BoE is printing Sterling as if there was no tomorrow that house prices have not collapsed completely.
That and the ultra low interest rate.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards