London Has Peaked

Libber

Bubble_and_Squeak wrote: »

land registry must be about the only scrap of "good news" the bulls have had this month. enjoy it!
nationwide. seasonally adjusted. they'll revise it down next month (like they always do)

Ah yes, the "only scrap of good news" are the official indices compiled by reputable organisations.

I'll bet you can counter those scraps by obsessively scouring rightmove for hours on end until you uncover some grotty little pebbledashed rathole that's had £10k knocked off its asking price. That'll definitely prove that you were right and that the crash is on (really, for real, 100%).

ukcarper

Bubble_and_Squeak wrote: »

land registry must be about the only scrap of "good news" the bulls have had this month. enjoy it!
nationwide. seasonally adjusted. they'll revise it down next month (like they always do)

Nationwide figures show London up 2.5% over 2014q4 and 17.8% over year do you think prices will lose all of that over the next few months.

wotsthat

Bubble_and_Squeak wrote: »

land registry must be about the only scrap of "good news" the bulls have had this month. enjoy it!
nationwide. seasonally adjusted. they'll revise it down next month (like they always do)

You've been looking for a house in London for more than a year. According to Nationwide London is up 17.8% this year and you're wittering on about MoM seasonal adjustments and Property Bee.

Are you finding it difficult to see the wood because of the trees blocking the view?

Bubble_and_Squeak

wotsthat wrote: »

Property Bee has only one use and that is to know the pricing history of a house that you're considering purchasing. For an insight into the wider market you may as well read tea leaves.

You'll be able to convince yourself otherwise but, according to Nationwide, you're going to get 17.8% less house for your £300k budget than this time last year and you've paid a years rent into the bargain.

I can't believe you haven't twigged this yet.

according to rightmove asking prices collapsed in december
OH BUT ITS THE CHRISTMAS PERIOD!

Bubble_and_Squeak

happylucky wrote: »

I wonder what % of the London property market nationwide's reported figures are derived from. They have around 12% of the UK gross mortgage market share, no? and I vaguely recall the percentage of London purchasers who use a mortgage being much lower than the UK average...

It would be good to have a comprehensive set of data like the land registry but which was not so horribly out of date.

hush!
don't spoil the bulls little moment

Bubble_and_Squeak

chucknorris wrote: »

One months fall or rise doesn't make a summer. You can have as many monthly falls as you want in the future, providing that I can have an annual rise, deal or no deal?

a declining annual rise

Bubble_and_Squeak

Libber wrote: »

Ah yes, the "only scrap of good news" are the official indices compiled by reputable organisations.

I'll bet you can counter those scraps by obsessively scouring rightmove for hours on end until you uncover some grotty little pebbledashed rathole that's had £10k knocked off its asking price. That'll definitely prove that you were right and that the crash is on (really, for real, 100%).

sorry, i forgot the good old (seasonally adjusted) ONS figures weren't too bad, from the bull point of view

Bubble_and_Squeak

ukcarper wrote: »

Nationwide figures show London up 2.5% over 2014q4 and 17.8% over year do you think prices will lose all of that over the next few months.

depends who nationwide choose to lend to

wotsthat

Bubble_and_Squeak wrote: »

according to rightmove asking prices collapsed in december
OH BUT ITS THE CHRISTMAS PERIOD!

Even according to Rightmove London asking prices have increased 11.1% on the year.

You've lost the plot.

Bubble_and_Squeak

wotsthat wrote: »

You've been looking for a house in London for more than a year. According to Nationwide London is up 17.8% this year and you're wittering on about MoM seasonal adjustments and Property Bee.

Are you finding it difficult to see the wood because of the trees blocking the view?

hahaha hamish pipped up and thanked that one
i actually stopped looking for a house in april because i couldn't afford to outbid the bomads
i will start looking again before QE2 begins next year