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ONS- June: +2.3%
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HAMISH_MCTAVISH
Posts: 28,592 Forumite
http://www.ons.gov.uk/ons/dcp171778_275550.pdfOffice for National Statistics | 1
House Price Index, June 2012
Coverage: UK
Date: 14 August 2012
• In the 12 months to June 2012 UK house prices increased by 2.3 per cent, unchanged from the 12 months to May. House prices continue to remain relatively stable across most of the UK
• Annual house price increases in England were driven by a 6.5 per cent rise in London, and increases in the South West and South East of 2.3 and 2.2 per cent respectively. The only decrease in England was of 1.3 per cent in the North East
• On a seasonally adjusted basis, UK house prices increased by 0.5 per cent between May and June
• In June 2012, prices paid by first time buyers were 3.1 per cent higher on average than in June 2011. For owner occupiers (existing owners) prices increased by 2.1 per cent for the same period
:beer:
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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Yes Hamish, HPI = good, HPD = bad.
Well, it is in your world.
BTW, how's Scotland doing ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
BTW, how's Scotland doing ?
Scotland down 1%.
Which although better than the NE of England, and way better than Northern Ireland, can't compare with you lucky English as a whole.;)
Although in fairness, Aberdeen in June 2012 is now up 6% on June 2007, so can't really complain.....:beer:“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 -
To translate, somewhere where property has sold going up. Rest !!!!ed.0
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Heh heh....
It really does get under your skin that prices are rising both month on month and year on year.....
“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 -
Why don't you just say +0.5 for the month as you always have done?
Anyway, it doesn't make much sense, but the figures are what they are.
There is a theory though that I read on a mainstream tabloid that due to the type of house being sold to the type of people buying (i.e. lack of lower prices starter homes and buyers) the numbers are reporting fewer, but more expensive houses. DOn't know how much there is in that, but it seems perfectly reasonable considering all we know about the lower end of the market.0 -
Graham_Devon wrote: »There is a theory though that I read on a mainstream tabloid that due to the type of house being sold to the type of people buying (i.e. lack of lower prices starter homes and buyers) the numbers are reporting fewer, but more expensive houses.
.
Tee hee. Those mainstream tabloids should really do some research....
Allowing for the lag, as May approvals = June registered sales......
From May 2012:
http://www.economicvoice.com/mortgage-lending-bounced-back-in-may-says-cml/50031123#ixzz23ef6rTPiLending to FTBs is up 43% in terms of numbers on the month and 53% up in terms of value.
Comparing this to May 2011 it is up by 22% in numbers and 28% in value.
Also from the report.....
In June 2012, prices paid by first time buyers were 3.1 per cent higher on average than in June 2011.“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 -
Proof house prices are rising not falling0
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moneyinmypocket wrote: »Proof house prices are rising not falling
Yes it is.....“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 -
Graham_Devon wrote: »it doesn't make much sense,
Why?
(Beyond the obvious point that you just don't like the fact prices are rising)“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 -
The only decrease in England was of 1.3 per cent in the North East
Okay, we can safely put the "London is skewing the numbers" argument to bed now. 0
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