Property Transactions UP in January 2012

DpchMd

AndyGuil wrote: »

Please look up the end date. 24th March. The March data is still influenced by the stamp duty holiday. Most rushed in January, there were still opportunities through to the end of March. April does not have such luxury for buyers.

I suggest you email the Telegraph.

If January was artificially high due to the stamp duty holiday, then you shouldn't be comparing the subsequent months to it.

Mortgage approvals have settled at around the 50k mark and they have done for a very long time. Suggesting they are trending downwards (after a rise *rolls eyes*) is just as misleading as the OP saying they were shooting up.

They're stagnating. Stop getting so excited.

Jimmy_31

MrRee wrote: »

Linda_D ...... a take on _Devon maybe? Hmmmmmm, I think you have been caught out - you sad little man, Graham!!!

Alright mate, aint spoke in ages.

Hows your 5hitty life going captain mental ?

Im still living with my mam by the way:)

AndyGuil

DpchMd wrote: »

I suggest you email the Telegraph.

If January was artificially high due to the stamp duty holiday, then you shouldn't be comparing the subsequent months to it.

Mortgage approvals have settled at around the 50k mark and they have done for a very long time. Suggesting they are trending downwards (after a rise *rolls eyes*) is just as misleading as the OP saying they were shooting up.

They're stagnating. Stop getting so excited.

Most of the mortgage approvals were pushed through in January in advance of the deadline. This mitigates issues that come from delays etc. However all data through to March is influenced by the stamp duty exemption. Everyone was very aware of it ending from late last year and this drove the spike in January. As I said April will be very interesting. No stamp duty exemption, mortgages getting more expensive and the economy is not improving. Not looking good at all.

DpchMd

AndyGuil wrote: »

Most of the mortgage approvals were pushed through in January in advance of the deadline. This mitigates issues that come from delays etc. However all data through to March is influenced by the stamp duty exemption. Everyone was very aware of it ending from late last year and this drove the spike in January. As I said April will be very interesting. No stamp duty exemption, mortgages getting more expensive and the economy is not improving. Not looking good at all.

Mortgage approvals were up in March :rotfl:

I also love how you resurrected a 3 month old thread to prove that your prediction was correct, when in fact mortgage approvals had just risen.

AndyGuil

DpchMd wrote: »

Mortgage approvals were up in March :rotfl:

I also love how you resurrected a 3 month old thread to prove that your prediction was correct, when in fact mortgage approvals had just risen.

Actually they have fallen from January (3 months ago). A fall of 14.1%

DpchMd

AndyGuil wrote: »

Actually they have fallen from January (3 months ago). A fall of 14.1%

Oh it's easy to play that game.

They've risen by 100% since november 2008, and in fact they rose just last month too.

AndyGuil

Still doesn't change that they have fallen and in decline from the peak.

DpchMd

AndyGuil wrote: »

Still doesn't change that they have fallen and in decline from the peak.

Well done captain obvious.

RenovationMan

AndyGuil wrote: »

Actually they have fallen from January (3 months ago). A fall of 14.1%

Holy cow! House prices have fallen 14.1% since January??!!! :eek:

DpchMd

RenovationMan wrote: »

Holy cow! House prices have fallen 14.1% since January??!!! :eek:

Sigh. Mortgage approvals.