House Prices Rising

chewmylegoff

homelessskilledworker wrote: »

Are you some kind of mood police for HPC, there must be over a dozen posts where you have started with "they are all excited about this on HPC" or "they are really furious about this on HPC

WGAF

It's a joke poking fun at the idiots who post here about what is happening on HPC.

chewmylegoff

HAMISH_MCTAVISH wrote: »

Actually, when you look at local areas around the UK through the RICS surveys or similar, around 20% of local areas are seeing prices falling, around 10% seeing prices rising, and the other 70% are seeing no change in prices at all.

That picture hasn't changed much over the last 3 years.

The vast majority of houses and local areas in the UK are seeing no change in price at all. Very few are rising, very few are falling, for most it's stable.

You started this thread saying that house prices were up 4.7% and are now arguing that they are stable on the basis of an unscientific survey of sentiment.

Make your mind up!

The-Joker

chewmylegoff wrote: »

You started this thread saying that house prices were up 4.7% and are now arguing that they are stable on the basis of an unscientific survey of sentiment.

Make your mind up!

A lot of people thanking this post, a lot of people getting fed up at the perma propbulls ramping property.

Next time Hamish posts house prices on the rise or such nonsence just report as spam.

DervProf

HAMISH_MCTAVISH wrote: »

An average of the major UK house price indices shows that prices have risen strongly by 4.7% since the start of this year.

http://blogs.independent.co.uk/2012/08/02/average-price-of-a-uk-home-is-now-205309/

Excellent news.

:beer:

I`ve said words to this effect before Hamish, but this would be "Excellent news. :beer: " if the statistic was not made up from "choice" data designed to show that HPI is higher than it actually is AND this (supposed) HPI was due to a real improvement in the economy, not due to a property shortage or dodgy lending practices. Now I don't see or hear much about an improving economy, so I conclude that your are acting in self interest, and are ramping property again.

NEO72

HAMISH_MCTAVISH wrote: »

Actually, when you look at local areas around the UK through the RICS surveys or similar, around 20% of local areas are seeing prices falling, around 10% seeing prices rising, and the other 70% are seeing no change in prices at all.

Still on here flogging the old 'house prices only ever go up' horse, I see.
Thought I'd help you out with the RICS data you refer to (from their most recent survey):

The seasonally adjusted net price balance turned more negative in June, from -17 to -22 i.e. 22% more surveyors recorded price falls rather than rises.

Or perhaps from the same report:

At the regional level, London remains the only region in the survey where the price balance is positive

Oh, and resorting to Stuart Laws' comedy 'index' - you really should know better (although so to should the Indy-this is strictly Daily Express fodder)!

NEO72

crash123 wrote: »

Hamish I thought Nationwide was your preferred index?

Presumably only for the two months out the last eight that it has been positive..

HAMISH_MCTAVISH

NEO72 wrote: »

Thought I'd help you out with the RICS data you refer to (from their most recent survey):

From their most recent survey.....

Rising prices: 10%

Stable prices: 63%

Falling prices: 27%

Now you can call falling prices in just 27% of the country a crash if you like, but no sane person would....

Or perhaps from the same report:

Hmmm, the same report that shows the biggest price rises at +8% not in London, not even in the South East, but rather in the East Midlands.

And indeed also in that report, the only Region in the country where a majority of local areas are seeing price falls is Northern Ireland.

Every other region except London shows the majority of prices are stable, a minority are rising, and a larger minority are falling. London shows the majority of prices are stable, a minority are rising, and a smaller minority are falling.

Way to go proving my point for me though.

Very nice of you.:cool:

chewmylegoff

the RICS survey is just a useless compilation of sentiment, it is an even more pointless indicator than looking at the monthly variances in the indices.

NEO72

HAMISH_MCTAVISH wrote: »

From their most recent survey.....

Rising prices: 10%

Stable prices: 63%

Falling prices: 27%

Now you can call falling prices in just 27% of the country a crash if you like, but no sane person would....

Funny, I don't recall calling it a crash, perhaps you could point out where I did? Its hardly consistent with your attempts at convincing people prices are stable is it?

You've decided to go for the non-seasonally adjusted figures I see - you've clearly been to the Stuart Law school of statistical analysis :T

HAMISH_MCTAVISH

NEO72 wrote: »

Funny, I don't recall calling it a crash, perhaps you could point out where I did?

Oh, probably the same place you could point out me saying Nationwide is my favourite index or that house prices always go up.

Its hardly consistent with your attempts at convincing people prices are stable is it?:T

Prices are stable or rising in 73% of local areas. And falling in just 27%.

I don't think they need any convincing when the data is so clear.