House prices hit all time record

Loughton_Monkey

Graham_Devon wrote: »

According to LSL property services house prices are now at an all time record with an average of £232,969......

A time for celebration, surely?

chucknorris

Thrugelmir wrote: »

Delve in the stats and it varies area to area. Prices are still falling in Newham.

Our average was better than the London overall average of 7.1%:

Hackney 13.1%
Wandsworth 12%
Haringey 0.4%

Here is a link to the original report:

http://www.lslps.co.uk/documents/house_price_index_jul13.pdf

EDIT: According to the report Newham went up by 3.9%. Hillingdon (never heard of it) was the shocker at -5.3%.

Nikkster

chucknorris wrote: »

Our average was better than the London overall average of 7.1%:

Hackney 13.1%
Wandsworth 12%
Haringey 0.4%

Here is a link to the original report:

http://www.lslps.co.uk/documents/house_price_index_jul13.pdf

EDIT: According to the report Newham went up by 3.9%. Hillingdon (never heard of it) was the shocker at -5.3%)

Hillingdon is the bit west of Harrow and north of Heathrow. Uxbridge/Ruislip etc.

WellKnownSid

Carl31 wrote: »

'You had HELP to buy? Not on your own 2 feet? Thats shambolic, even the renter underclass manage that on their own'

It always amazes me how people that choose to rent property are seen as social outcasts, whereas people that choose to rent money instead are heroes...

Loughton_Monkey

WellKnownSid wrote: »

It always amazes me how people that choose to rent property are seen as social outcasts, whereas people that choose to rent money instead are heroes...

If, as I assume, you are talking about someone who could do either [implied using your word 'choose'] then I don't think heroism or social standing enters into it does it?

For anyone in a position to take one road or the other, then surely their choice has more to do with their financial acumen that anything else?

A huge number of social outcasts buy their own house, and a huge number of heroes live in council houses.

Carl31

WellKnownSid wrote: »

It always amazes me how people that choose to rent property are seen as social outcasts, whereas people that choose to rent money instead are heroes...

I think its only on this board renters are classed as underclass, and only by about 3 people

chucky

Thrugelmir wrote: »

Delve in the stats and it varies area to area. Prices are still falling in Newham.

chucknorris wrote: »

According to the report Newham went up by 3.9%.

Thanks for that Chuck. Too often the usual suspects on here make up information and post it to try and negate positive news. It's a desperate strategy.

chucky

Carl31 wrote: »

I think its only on this board renters are classed as underclass, and only by about 3 people

It's also one of the few places that I see that buying a house is an entitlement for everyone. Maybe they've forgotten that renting isn't a bad option or doesn't exist.

chucknorris

chucky wrote: »

Thanks for hat Chuck. Too often the usual suspects on here make up information and post it to try and negate positive news. It's a desperate strategy.

There were only 3 out of 33 London boroughs that showed a loss:

Hillingdon -5.3%
Redbridge -0.6%
Bromley -0.1%

We have one property in Haringey which according to the report was the 4th worst performer only showing a 0.4% increase, that figure did surprise me as I was under the impression that it had gone up more, but 0.4% was an overall borough average figure of course.

Surely the City of London 68.4% must be an error?

chucky

chucknorris wrote: »

There were only 3 out of 33 London boroughs that showed a loss:

Hillingdon -5.3%
Redbridge -0.6%
Bromley -0.1%

We have one property in Haringey which according to the report was the 4th worst performer only showing a 0.4% increase, that figure did surprise me as I was under the impression that it had gone up more, but 0.4% was an overall borough average figure of course.

Surely the City of London 68.4% must be an error?

I'm sure if you drilled down into those areas you would find price increases/decreases in the different types of properties - flats, houses etc away from those price decreases.

The City of London numbers are probably due to low volume distorting the numbers, definitely not right!