DCIG -0.3%... Northern Ireland -11%

homelessskilledworker

http://www.communities.gov.uk/publications/corporate/statistics/hpi112011


Yet another one in the red, not far from all the indicies now all showing red with most YOY doing the same.

Still, early days(I am saying that a lot lately):)

brit1234

Keep the falls coming. :j

I have noticed this year there has been a fraction of the vested interest propaganda to talk up the spring bounce this year. Last year and the year before they were very organised working together with big campaigns but this year they are dead.

Things are looking up for affordable housing in 2012. :beer:

UrWntr

homelessskilledworker wrote: »

http://www.communities.gov.uk/publications/corporate/statistics/hpi112011


Yet another one in the red, not far from all the indicies now all showing red with most YOY doing the same.

Still, early days(I am saying that a lot lately):)

Nicely selected stats, here's the rest of them.

No need for me to add analysis, they are self explanatory.

In November UK house prices decreased by 0.3 per cent over the year whilst they remain unchanged over the month (seasonally adjusted).

The average mix-adjusted UK house price was £205,796 (not seasonally adjusted).

Average house prices increased by 0.2 per cent over the quarter to November, compared to no change over the quarter to August (seasonally adjusted).

Average prices decreased during the year in all UK countries; England (-0.1 per cent), Wales (-1.6 per cent), Scotland (-0.8 per cent) and Northern Ireland (-11.7 per cent).

Prices paid by first time buyers were 0.7 per cent higher on average than a year earlier whilst prices paid by former owner occupiers decreased by 0.7 per cent.

Prices for new properties were 7.7 per cent higher on average than a year earlier whilst prices for pre-owned dwellings decreased by 0.9 per cent.

homelessskilledworker

brit1234 wrote: »

Keep the falls coming. :j

I have noticed this year there has been a fraction of the vested interest propaganda to talk up the spring bounce this year. Last year and the year before they were very organised working together with big campaigns but this year they are dead.

Things are looking up for affordable housing in 2012. :beer:

It's the spring bounce I am looking foward too, if we go into summer without a strong firm downward trend then I think many bears will need to take a fresh look at the evidence, me included.

AD9898_2

Interesting times, I'm kind of fascinated watching how this is all going to play out, house prices, world economies etc. We are so used to everything 'ticking upwards' almost indefinitely with the odd downturn.

What we are witnessing here is something different, we are fighting now just to stand still, for how long I wonder before we really start to slip ?

As an example, house prices in real terms are just sliding and sliding. Everything has been thrown at it but to no avail. How much are we down from peak now in real terms ?

UrWntr

homelessskilledworker wrote: »

It's the spring bounce I am looking foward too, if we go into summer without a strong firm downward trend then I think many bears will need to take a fresh look at the evidence, me included.

There's no evidence of a downward trend right now. None of the stats from this report indicate a downward trend either.

Whatever happens to house prices over the next few months, and let's face it it's unlikely that anything dramatic will happen, you're not going to see enough of a downward movement for it to constitute a "strong firm downward trend".

homelessskilledworker

UrWntr wrote: »

There's no evidence of a downward trend right now. None of the stats from this report indicate a downward trend either.

Whatever happens to house prices over the next few months, and let's face it it's unlikely that anything dramatic will happen, you're not going to see enough of a downward movement for it to constitute a "strong firm downward trend".

Well sorry mate, but we are going to have to agree to disagree, The indicies right now are on the whole showing a continious downward trend, to be honest I do not know how you can see it any other way, it is staring you in the face.

And if you look at real house prices then it is even more clear cut.
I concede that the trend is not plummeting or rocketing down or any other emotive language that is often used on here, but the trend id down regardless.

UrWntr

homelessskilledworker wrote: »

Well sorry mate, but we are going to have to agree to disagree, The indicies right now are on the whole showing a continious downward trend, to be honest I do not know how you can see it any other way, it is staring you in the face.

And if you look at real house prices then it is even more clear cut.
I concede that the trend is not plummeting or rocketing down or any other emotive language that is often used on here, but the trend id down regardless.

Happy to be proved wrong, could you share your data?

I guess I am somewhat blinded by the area I live in, which has stagnated for the past 18 months.

FTBFun

brit1234 wrote: »

Keep the falls coming. :j

I have noticed this year there has been a fraction of the vested interest propaganda to talk up the spring bounce this year. Last year and the year before they were very organised working together with big campaigns but this year they are dead.

Things are looking up for affordable housing in 2012. :beer:

Doesn't really help you much though:

"London registered an annual house price increase of 3.2%"

homelessskilledworker

UrWntr wrote: »

Happy to be proved wrong, could you share your data?

I guess I am somewhat blinded by the area I live in, which has stagnated for the past 18 months.

Using all the main indicies such as Halifax, LR, Nationwide, and even Rightmove if you want to measure sentiment(asking prices).

I think there are a couple of property sites out there that will list all of these indicies, some will even tell you prices from peak, generally regarded as around 2007.

And I am sure you are aware that I am talking in general here, I am certain there are areas that buck the trend, but the UK a a whole is on a downward trend.

UrWntr

homelessskilledworker wrote: »

Using all the main indicies such as Halifax, LR, Nationwide, and even Rightmove if you want to measure sentiment(asking prices).

I think there are a couple of property sites out there that will list all of these indicies, some will even tell you prices from peak, generally regarded as around 2007.

And I am sure you are aware that I am talking in general here, I am certain there are areas that buck the trend, but the UK a a whole is on a downward trend.

I think we're disagreeing about the meaning of the word trend. You seem to mistaking the odd 0.5% swing as a trend (Maybe it is?).

Here's the Land Registry house price index since 2007: