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Debate House Prices
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Land Registry MoM -0.9 % YoY - 3.2 %
doire_2
Posts: 2,280 Forumite
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The October data shows that London is again the only region in England and Wales to experience an increase in its average property value over the last 12 months with a movement of +0.3 per cent. The North East experienced the greatest annual price fall of -7.2 per cent.I used to have a signature but it disappeared and I just couldn't be bothered writing another, so please feel free to ignore this.0 -
Don't forget - the land registry is the ONLY real indicator of house prices. All other indicators are either listing price (way off the sales price) or mortgage lenders (which don't include the now huge number of cash sales occurring). It's also the only index that compares like with like. It's all good news, seems the correction is increasing in pace.0
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:cool:
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London up annually and the South East down only 1.4% over the year (and up month on month). Two different markets here - London and the South East (doing rather well actually) and the rest (doing abysmally).0
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Looks like some increases in sales volumes compared to last year in properties under £150,000. FTB's with deposits coming to the market? Good news if that's the case.0
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London saw a monthly decline of 1.6%. :eek:0
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So much for Sibley/MrRee/Reweird's rants about how property prices will only rise. The memories of Sibley typing things like "owners will not drop their prices" etc make me chuckle.
Looks like the slow crash continues.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Don't forget - the land registry is the ONLY real indicator of house prices. All other indicators are either listing price (way off the sales price) or mortgage lenders (which don't include the now huge number of cash sales occurring). It's also the only index that compares like with like. It's all good news, seems the correction is increasing in pace.
The Land Registry index excludes some sales, for example repossessions, probate sales, council house sales and new properties.0 -
The Land Registry index excludes some sales, for example repossessions, probate sales, council house sales and new properties.
I'm disapppointed. When I opened this thread, seeing you had posted the latest comment, I did so in the strict anticipation that you had replied to each and every post saying "don't worry, monthly figures are just noise".
I want my money back.0
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