Land Registry MoM -0.9 % YoY - 3.2 %

Batchy

Blink and you'll miss it.

My retirement plan...

Save some cash
Own a house
Have a pension

So far, cash is doing really well
House ownership is doing really well (only 23.6 left to pay)
Have a pension, well, there is one, but even though there is over £600 per month being paid into, its value has remained stagnant, (when you even out the gains and falls)

So, I will now be focusing my attention on that area going forward!

3 parts

ISA CASH + Investments - not really started since used previous balance to secure house
Stakeholder/ or SIPP tfr - just not performing at all, waste of space, although its free money (employer)
BTL - Looking good to buy a house using cash saved as a deposit for a BTL.

its important IMO to be diversified, when prices are falling its a good opportunity to take advantage for the future.

Lets not all panic too much.

While we have a job, there is food on the table.

Thrugelmir

Batchy wrote: »

Have a pension, well, there is one, but even though there is over £600 per month being paid into, its value has remained stagnant, (when you even out the gains and falls)

You are gaining a minimum of £150pm in tax relief.

joguest

(Haliwide NSA, LR SA and shifted back)

Graham_Devon

joguest wrote: »

(Haliwide NSA, LR SA and shifted back)

Funnily enough, was just about to say...no one seems to be hounding you for the graph this time!!

matt1234

As opposed to Sibley, I do want prices to go down. However, like him, I just don't see them going down much. There are way too many vested interests. One month's figure means sod all. It signals no trend whatsoever so don't get too excited.

I would, however, welcome continuous falls.

ruggedtoast

My region didnt fall last month. In fact I believe it may be about to boom.

Booming marvellous.

:beer:

Brian_Bullocks

ruggedtoast wrote: »

My region didnt fall last month. In fact I believe it may be about to boom.

QUICK, get in there and buy a load of BTL's :beer:

joguest

3.2% YoY is significant. It's around the tipping point between slow falls and the full crash speed that's achieved by the least observant of buyers realising that prices are falling and pulling out of a purchase - i.e. positive feedback.

Caveat_Mortgagor

It struck me that the drop of the average price from £162109 to £159,999 represents a fall of 1.3%

On further reading it seems it can be explained by the fact that Land registry have revised the september figure from a 0.2% fall to a 0.6% fall!

IveSeenTheLight

joguest wrote: »

3.2% YoY is significant. It's around the tipping point between slow falls and the full crash speed that's achieved by the least observant of buyers realising that prices are falling and pulling out of a purchase - i.e. positive feedback.

Prices will need to drop 0.83% in November just to maintain the 3.2% YoY