Land Registry - January up 1.1% mom

mystic_trev

Spring bounce!

http://www.landreg.gov.uk/house-prices

...and

http://www.landreg.gov.uk/about-us/press-listing/2012/market-trend-data-january-2012

Generali

Down 1% YoY. Monthly figures are just noise.

Sales volumes are up marginally: 3%.

Prices up YoY in London and the South East. Down in all other regions on average.

Number of sales with value > £2,000,000 outside London fell from 33 to 23. Up from 89 to 98 in London.

Percy1983

Interestingly I seem to have bought in the middle of the the largest dip locally, that was lucky.

I will say even Oldham is slightly up, with that it did fall a long way to start with.

MrRee_2

2012 is, indeed, the start of a mini-boom in property values.

I have been warning about the upcoming boom for 8 months now.

What happens in the South happens in the North within 12 months.

If you were thinking of buying at the bottom, you may be too late - but, could get in on the start of the next big upturn!

System

Percy1983 wrote: »

Interestingly I seem to have bought in the middle of the the largest dip locally, that was lucky.

Is it? I thought you were going to be pleased if house prices keep falling so your kids can buy?

Percy1983

Joeskeppi wrote: »

Is it? I thought you were going to be pleased if house prices keep falling so your kids can buy?

Sorry I didn't seperate my comment.

Lucky for me, in the pure basis of buying at the bottom of the dip.

Not good for the wider picture as I should have been on the slope downwards rather than the bottom of a dip.

Overall I still stand by prices should come down, but if there not coming down I have got lucky.

The best plan has to be slow drops in real terms.

RenovationMan

Joeskeppi wrote: »

Is it? I thought you were going to be pleased if house prices keep falling so your kids can buy?

Yes, isn't it odd that whenever a bear buys a house, all that magnanimity goes out of the window and they start rubbing their hands in glee at any HPI rises. Years of shouting "will no one think about the children" at the internet is forgotten. Remember geneer's last words on this site before he rejoined as a bull under a new username were his gloating about rises in Edinburgh house prices after he 'bought'.

It seems that the only 'bears' left are Graham_devon who owns half a HA house and wants to buy the other half on the cheap, a few people who haven't bought yet and a couple of people who bought in th 90s and are feeling generous about gifting away some of that unearned HPI.

Bears are just HPI cheerleaders who haven't bought yet.

System

Percy1983 wrote: »

Sorry I didn't seperate my comment.

Lucky for me, in the pure basis of buying at the bottom of the dip.

Not good for the wider picture as I should have been on the slope downwards rather than the bottom of a dip.

Overall I still stand by prices should come down, but if there not coming down I have got lucky.

The best plan has to be slow drops in real terms.

Ah, lucky for you, bad for everything else.

!!!!ing greedy HPI ramping cheerleader "I'm alright Jack" bulls!

MrRee_2

Graham_Devon lives in a Council House on a genuine Council Estate?

I am a Bear actually, I just report on the market as I see it - if that's a Bullish report then so be it.

I would LOVE to buy my little bungalow by the sea ....... sadly, prices have taken off and it's gone bonkers!

shortchanged_2

RenovationMan wrote: »

a couple of people who bought in th 90s and are feeling generous about gifting away some of that unearned HPI.

I'm quite happy to give all my 'equity' away in return for a housing market that returns to pre boom levels.

MrRee_2

Give that equity to your offspring to buy ..... same thing in essence!