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Debate House Prices
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Land Registry May +0.5% MoM +0.4% YoY
Comments
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most of the uk is falling. Every dude and his dog knows london is helping these figuresMaidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0
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Yet more nonsense from CBW
Transaction levels are up and house prices are now rising in Wales and the East Midlands, as well as London:
http://www.acadametricstest.com/acadHousePrices.php
Good to see transaction levels are rising too0 -
Confirmed today...
http://www.bbc.co.uk/news/business-18671908The average home increased in value by 0.5% in May compared with April, and was 0.4% higher than a year earlier, the Land Registry said.
London, SE & East up. Rest down.0 -
That was May, this is June: hometrack says:
Data from the Hometrack monthly housing survey show that price growth halted last month after three consecutive months of price rises. The supply of homes for sales continued to grow, according to the property analyst, while demand fell by 0.5 per cent compared with May 2012.
Might have to re-cork those champagne bottles for the mo0 -
joe_blotts wrote: »Might have to re-cork those champagne bottles for the mo
If you've taken the corks out you may as well drink them.0 -
They are in despair about this over on hpc.co.uk. They are crying.
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Love it!!
Best news of the day0 -
+0.4% YOY. Hardly stunning. Might as well just say prices are flat YOY. and seeing as inflation has been running at around 4% for the last year one could argue that prices, in real terms, have actually fallen.0
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nollag2006 wrote: »Love it!!
Best news of the day
You are harsh on them.
They are human beings.
They thirst for a house price crash the way a dying man thirsts for water in the desert.
They have thirsted so long but nothing to slake their thirst.0 -
Land Registry year on year positive.
So much for "house prices are falling" then.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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