LAND REGISTRY data finally shows FALLS in House Prices

StuHolmes

manhattan wrote: »

Down -4.3% in my area!

Yes and up 7.7% QoQ in mine. This thread is going nowhere and proving nothing (thats stats for you!):rolleyes:

HenryWeston

Oh well interest rates also go up next month along with house prices....

HenryWeston

CB1979 wrote: »

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.

Does that include interest payments?

tomstickland

Yes and up 7.7% QoQ in mine. This thread is going nowhere and proving nothing (thats stats for you!)

Well, the stats show that some areas, maybe a reasonable proportion of the total, have seen falls in the last quarter.

phlash

StuHolmes wrote: »

Yes and up 7.7% QoQ in mine. This thread is going nowhere and proving nothing (thats stats for you!):rolleyes:

Apart from the fact that in all of the LR figures I've studied, I have never seen so many QoQ falls. Therefore, this fact, is significant.

Coupled with the steady growth of reduced asking prices on https://www.propertysnake.co.uk I get the feeling the tide may have finally turned, and we may be entering a new housing era. The past 10 years for some was great, for others it was a headache, the next ten years could find those roles being reversed!

Snow_Dog

Is it just me or does this forum sound more and more like HPC everyday?




I think some house prices will go up, some will go down, but I could be wrong.:D

phlash

Snow_Dog wrote: »

Is it just me or does this forum sound more and more like HPC everyday?




I think some house prices will go up, some will go down, but I could be wrong.:D

So what your saying is, is that the wider community is coming round to the belief that house prices have a greater potential to fall than previously thought, and not just the doom mongers!

A_Fool_&_His_Borrowed_Mon

Ad wrote: »

Why is it so good for YOU?

Probably he gets to Mew some more.

The Banks will be laughing all the way to the, err, Bank.


Banks:"I'll give you 8k in *FREE MONEY!!.


*The Bank will give you 8k, but you got to pay the bank back 20k for the privilege of spending 8k (Interest in a Nutshell). :money:

Snow_Dog

Possibly, possibly,



Or it could be just that certain posters are clutching at any data the moment it appears, picking over it for the bits that seem to support their theories and then making some astromonic conclusions.

Then finally repeatedly throwing tidbits of the data around in the vain hope that it may start an avalance of people feeling that the value of their property will feel like they areliving on quicksand.

Or at least thats how it looks to me on HPC and GHPC, still, at least there is a balanced argument on MSE.

phlash

Just saying it as I see it. What gets me, is that when this bubble does eventually deflate a little, everyone will be saying how obvious it all was. Its very hard to see when any deflation has started to occur, since the actual stats are delayed. Is all I have presented is an abnormal amount of QoQ falls in the latest LR figures, which at least seems a little thought provoking.
Let us not forget the headlines a year into the last housing correction, when the press was still printing stories of house price rises. The unfortunate thing with these things are they are very hard to call, and often upon you before most are aware.
In today's climate though, the effects of any such falls, will be wide and deep since we are in previously unchartered territory according to all indicators used to spot a bubble.
At least one thing is true, history only teaches us one thing, and that is that we do not learn from history!
Sleep tight.