LAND REGISTRY data finally shows FALLS in House Prices

phlash

The most accurate measure of house prices, the land registry, measures its house prices by the SOLD prices. Their data is therefore often six months delayed. These latest figures are telling us what happened 3-6 months ago! Who knows what is going on now, hold on tight! (Remember there have been two more rate rises since then, and another one at least to come)

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/fy.stm

Check your area!

Mine is down 2.9% in ONE QUARTER! Oh dear.

A correction may well have already started.

mrcow

Mine went up.

CB1979_2

0.5% UP in last quarter
& 8% in the last year

takes CROYDON as a whole, but in SOUTH CROYDON i'm confident it's more

just checked my building where 2 flats are up for sale 1 up for £210k & 1 up for £220k, i bought mine in July last year for £167k and mines bigger but not as nicely decorated inside.

so roll on this "correction"

boam

Greenwich
Average Cost: £244,931
Detached: £524,178
Semi-detached: £291,149
Terraced: £245,573
Flat: £214,185


Change in last quarter: 4.9%

Change in last year: 7.3%

Sales: 1094

Keep it coming :beer:

CB1979_2

also clicked on to flats
NAME .............AV PRICE (£) .......QUARTER ........ANNUAL ........SALES
Croydon .........£168,395 ................4.2% ...............13% ..............681

so yeah i suppose UP 4.2% ain't too bad :rotfl:

rosysparkle

Up here too:

Average Cost: £146,265
Detached: £210,026
Semi-detached: £125,940
Terraced: £112,709
Flat: £118,927

Change in last quarter: 1.5%

Change in last year: 11.1%

And of the neighbouring areas, most are up with the exception of Derbyshire Dales.

Are you sure this link shows the figures you hoped for, phlash?

Guy_Montag

why's it good that house prices are rising in your area? Are you about to trade down? Surely if you plan to trade up anytime in the future it's bad, or if you're hoping to get on the ladder, then it's also bad.

The only people who do well out of HPI are Gordon, multiple property owners & people trading down - everyone else is a LOSER.

(Down in the north QoQ, but up YoY)

freebo_2

Its not just up in the South either, this is my part of North East England


Tynedale
Average Cost: £221,306
Detached: £318,744
Semi-detached: £162,373
Terraced: £180,175
Flat: £152,665


Change in last quarter: 6.4%

Change in last year: 22.2%

Sales: 223

hedgehogpenguin

Lewisham
Average Cost: £236,544
Detached: £614,799
Semi-detached: £300,315
Terraced: £276,187
Flat: £186,180


Change in last quarter: 2.6%

Change in last year: 13.7%

Sales: 1315

Up 13.7% doesn't sound like a correction just yet!!

epz_2

down -7.3% but yearly up 10.1%, i wonder if the 10.1% includes the drop cause i dont think prices have gone up 17.4%

it would be nice if they showed the period of the fall though

CB1979_2

it's like the old saying
global warming will add on an extra 1 or 2 degrees, so where's my 4 x 4

well if this correction is adding on 10% per year, bring on the correction! lol