LAND REGISTRY data finally shows FALLS in House Prices

us,thecat&thedebt

ours is up 8% a quarter 11% annual :beer: :j

Ad

us,thecat&thedebt wrote: »

ours is up 8% a quarter 11% annual :beer: :j

Why is it so good for YOU?

CB1979_2

phlash wrote: »

For those that think that 10% YoY house price growth is healthy, then you obviously have little common sense, it is clearly not. It will harvest a generation of resentful, bitter people, unwilling to pay your pension.

yes you are living proof of that! lol

noyk

If only rises were actually good for the majority of people then at least it wouldn't be so frustrating!!!!!

CB1979_2

wolvoman wrote: »

But where will the money come from to sustain these rises you say will continue?

2 bed flats in even the less prestigious areas in West London are costing upwards of £350K. So if a couple of Polish immigrants want to buy one they will need to be earning at least about £40K each? Do you know many immigrants on those salaries?

yep cos they are willing to share with loads of people and work their socks off for about 15 hours a day!

CB1979_2

Ad wrote: »

Why is it so good for YOU?

well surely if/when there is a crash/correction, i will be hoping that my house has gone up in value for when it goes down and i'm still sitting at or above the level i bought at.

if i buy @ £150k and it goes up to £200k short-term, it's all good if there's a 20% "correction" = £160k.

Alan_M_2

Tandridge
Average Cost: £327,325
Detached: £545,504
Semi-detached: £267,740
Terraced: £267,605
Flat: £184,631


Change in last quarter: -2.7%

Change in last year: 8.7%

Sales: 459

Not many flats around here, this is stockbroker belt central (which is why the prices are a bit out of whack).

Taking a cursory glance through the figures and employing a huge generalisation, it looks like the areas showing highest sustained growth are where flats are prevalent.

Anyone care to hazard any guesses on why that is?

I assume BTL will be an element. I realise BTL is only in the region of 10% of all purchases, but it would be very interesting to know what percentage of apartment and flat purchases are BTL. I'd hazard a guess it's a lot lot more than 10%.

What would be more informative would be if these figures were broken down to property type, diluting the figures really doesn't tell us much either way.

EDIT:- just took a closer look and it appears they do break the figures down, and in my area you're in trouble if you're in a Semi.....go figure....

Vicky82

Aberdeen City

Average Cost: £151,229
Detached: N/A
Semi-detached: N/A
Terraced: N/A
Flat: N/A


Change in last quarter: 4.4%

Change in last year: 31.9%

Sales: 1,454

CB1979_2

@ alan M - you can see what the results are for property type:

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/43uk.stm

NAME.............AV PRICE (£).....QUARTER....NNUAL.........SALES
Tandridge.......£545,504...........-0.1%.........9.8%............138 - DETACHED
Tandridge.......£184,631............0.9%..........8.2%............132 - FLAT
Tandridge.......£267,740.............-2.8%.......2.6%............102 - SEMI
Tandridge.......£267,605..............7.7%......13.2%.............87 - TERRACED

Alan_M_2

was editing my own post as you typed.

Semi's aren't the place to be here by the looks of it.