The best indicator of house prices

Pimperne1

I go for Land Registry all the time as it is based upon the same house selling again and again but the Nationwide Index, if they continue increasing market share, is a real contender for second place if you are prepared to allow for its southern bias (and I am because I live in the south and house prices elsewhere in the UK are of absolutely no interest to me). Nationwide accounted for 33% of all new mortgages:

http://www.guardian.co.uk/business/2012/may/23/nationwide-share-of-mortgage-market

Thrugelmir

Pimperne1 wrote: »

if they continue increasing market share,

The NW's net lending has declined in each successive financial year since 2008.

An increasing share of a dwindling market tells very little. Except confirms that the golden days are well and truly over.

HAMISH_MCTAVISH

Thrugelmir wrote: »

The NW's net lending has declined in each successive financial year since 2008.

Completely irrelevant.

What I like about you thrug, is that your trolling is so very carefully phrased.....

Although I see from the house buying and mortgage boards that an increasing number of people see right through your B.S.

"Net lending" tells you nothing about number of new mortgage approvals for purchase, which are rising. And that's a far bigger determinant of house prices than "net lending".

An increasing share of a dwindling market tells very little.

Oh, it tells me a lot.......

Mostly around how sad it is that you'd try to mislead in such a way.

Except confirms that the golden days are well and truly over.

In your dreams.

The more things change, the more they stay the same.

We have sown the seeds of the next boom already. The mortgage famine, and subsequent record low house building, have created a housing shortage that it's now impossible to resolve in time.

And guaranteed the next boom will be a monster.

It's only a matter of time..... And that time is getting closer by the day.

crash123

Land registry does not included repros or auction properties so is flawed

Pimperne1

crash123 wrote: »

Land registry does not included repros or auction properties so is flawed

They are all flawed but LR is less flawed. Anyway repos and auctions are distressed sales so they ought to be left out of the equation.

Thrugelmir

Pimperne1 wrote: »

Anyway repos and auctions are distressed sales so they ought to be left out of the equation.

Surely bargains that people would be queueing up for.

Graham_Devon

HAMISH_MCTAVISH wrote: »

What I like about you thrug, is that your trolling is so very carefully phrased.....

LOL, Hamish accusing others of trolling.

Exquisite irony

Pimperne1

Thrugelmir wrote: »

Surely bargains that people would be queueing up for.

Indeed but you would be disappointed if the inflation figures were compiled based on figures from the Harrods sale.

zappahey

HAMISH_MCTAVISH wrote: »

What I like about you thrug, is that your trolling is so very carefully phrased.....

HAMISH_MCTAVISH

Graham_Devon wrote: »

LOL, Hamish accusing others of trolling.

There's no other way to describe the majority of his posts these days. Which is a shame, as obviously he's a bright enough fellow.

But the constant doom-mongering and misleading statements are drawing attention, and not just from me. Posters on the Mortgage and house buying boards are seeing through him as well.

He got caught out badly the other day in the house buying board giving bad, and biased, advice and had to be corrected by a number of more knowledgeable posters.

vax2002

Buy to let is the new Gold !
650,000 a year setting foot in the country, immigration is completely out of control under the coalition and rising fast fast fast.
They will need somewhere to live, those with property to rent will hold the power.