LAND REGISTRY data finally shows FALLS in House Prices

tomstickland

Mixed results for flats in Gloucestershire. All show growth for the year, but about half show a drop for the last quarter. Cotswolds down -9.7%, Forest of Dean + 21.6%. Only 37 and 32 sales for those respectively. Cheltenham - 2.4% and Stroud +1.5%.

With all the properties bundled then there's annual growth for all local areas, but Forest of Dean has had a 11.7% fall in the last quarter.

meanmachine_2

I don't mean to be rude *ahem* but the numpties raising a beer glass to house price inflation of 10%+ clearly need their heads examined.

You either price out an entire generation of people who you're expecting to pay your pension (they won't cos they won't have any money), or you're merely making a correction even more likely.

In my area prices FELL 10% in 2005/6, rose 10% in 2006/7 and have fallen 3% in the last quarter.

I make that a total fall of 3% in the last 2.5 years.

:beer: :beer: :beer: :beer: :beer: :beer: :beer: :beer:

dannyboycey

meanmachine wrote: »

I don't mean to be rude *ahem* but the numpties raising a beer glass to house price inflation of 10%+ clearly need their heads examined.

You either price out an entire generation of people who you're expecting to pay your pension (they won't cos they won't have any money), or you're merely making a correction even more likely.

In my area prices FELL 10% in 2005/6, rose 10% in 2006/7 and have fallen 3% in the last quarter.

I make that a total fall of 3% in the last 2.5 years.

:beer: :beer: :beer: :beer: :beer: :beer: :beer: :beer:

Well said. :T

CB1979_2

how am i expecting a generation to pay my pension? for having a house go up in value???

as i said i'm hoping prices keep going up for the forseeable future then hopefully i'll sell in 12-18 months time, hoping to spend/save any equity on whatever i seem fit, would be nice to go travelling around the world without having to save! lol

phlash

Warwickshire
Average Cost: £200,075
Detached: £321,696
Semi-detached: £179,725
Terraced: £161,464
Flat: £144,920


Change in last quarter: -4.1%

Change in last year: 8.2%

Sales: 2419

City Of Nottingham
Average Cost: £124,591
Detached: £214,068
Semi-detached: £120,677
Terraced: £98,823
Flat: £127,171


Change in last quarter: -2.9%

Change in last year: 4%

Sales: 1211

Buckinghamshire
Average Cost: £322,083
Detached: £519,923
Semi-detached: £257,246
Terraced: £215,690
Flat: £176,321


Change in last quarter: -6.0%

Change in last year: 4.8%

Sales: 2194

Blackburn With Darwen
Average Cost: £107,418
Detached: £230,993
Semi-detached: £128,853
Terraced: £84,725
Flat: £97,943


Change in last quarter: -4.4%

Change in last year: 8.8%

Sales: 673

Bournemouth
Average Cost: £206,812
Detached: £282,824
Semi-detached: £209,877
Terraced: £209,074
Flat: £162,873


Change in last quarter: -0.5%

Change in last year: 2.2%

Sales: 1216

Bridgend
Average Cost: £142,358
Detached: £219,559
Semi-detached: £133,683
Terraced: £94,528
Flat: £128,242


Change in last quarter: -0.3%

Change in last year: 6.6%

Sales: 596

Caerphilly
Average Cost: £127,370
Detached: £192,524
Semi-detached: £128,077
Terraced: £95,209
Flat: £109,916


Change in last quarter: -1.4%

Change in last year: 10%

Sales: 592

Cardiff
Average Cost: £178,689
Detached: £268,134
Semi-detached: £195,805
Terraced: £158,398
Flat: £144,570


Change in last quarter: -1.9%

Change in last year: 4.1%

Sales: 1454

Carmarthenshire
Average Cost: £145,901
Detached: £200,709
Semi-detached: £124,565
Terraced: £109,555
Flat: £115,343


Change in last quarter: -0.5%

Change in last year: 6.3%

Sales: 566

Ceredigion
Average Cost: £191,047
Detached: £225,136
Semi-detached: £148,568
Terraced: £177,068
Flat: £114,909


Change in last quarter: -1.7%

Change in last year: 7.1%

Sales: 206

City Of Bristol
Average Cost: £195,385
Detached: £352,495
Semi-detached: £203,181
Terraced: £189,797
Flat: £172,113


Change in last quarter: -1.6%

Change in last year: 9.7%

Sales: 1966

City Of Derby
Average Cost: £144,528
Detached: £231,213
Semi-detached: £131,226
Terraced: £108,528
Flat: £117,904


Change in last quarter: -3.8%

Change in last year: 5.4%

Sales: 1017

City Of Nottingham
Average Cost: £122,249
Detached: £206,207
Semi-detached: £120,502
Terraced: £98,599
Flat: £122,801


Change in last quarter: -4.7%

Change in last year: 2%

Sales: 1115



THINK I've posted enough examples.....continue down the County list for yourselves, the examples so far go from A-C!!
EDIT: Apart from Warwickshire (for any smart ar**s!)

phlash

Just wanted to add this one, just found it:

North Yorkshire
Average Cost: £166,985
Detached: £289,912
Semi-detached: £142,497
Terraced: £120,183
Flat: £110,327


Change in last quarter: -22.6%

Change in last year: -16.9%

Sales: 1268

StevieJ

I am not sure what this means, it appears to be comparing apples and pears.
In the city I live in we have rich areas and poor areas so it obviously depends on the mix of sales from these in a particular period eg it is showing a reduction overall of 3% but an increase in flat prices of 15% over the last 3 months this is plainly a function of the type of properties sold.

Snow_Dog

Statistics, funny old beggars aren't they, phlash, I just tried Bournemouth and came up with different figures to the ones you've posted there, and as you've been posting A-C I thought I would try Bournemouths neighbouring town in the conurbation, Christchurch :-

Christchurch
Average Cost: £272,944
Detached: £357,212
Semi-detached: £223,370
Terraced: £234,340
Flat: £203,316


Change in last quarter: 5.9%

Change in last year: 15.1%

Sales: 327

thesaint

meanmachine wrote: »

I don't mean to be rude *ahem* but the numpties raising a beer glass to house price inflation of 10%+ clearly need their heads examined.

You either price out an entire generation of people who you're expecting to pay your pension (they won't cos they won't have any money), or you're merely making a correction even more likely.

<snip>

I am not expecting anyone to provide my pension, I am pessimistic and expect nothing from whatever government are in charge of the purse strings when I retire.

I choose to 'Do for me' and leave the wannabe's to fight it out amongst themselves.

manhattan

Down -4.3% in my area!