Land Reg.. fall of 0.8%

fordcapri2000

Release date: 20 April 2015

March House Price Index - headline figures from Land Registry’s HPI show an annual price increase of 5.3 per cent with the average price in England & Wales now £178,007 compared with a peak of £181,049 in November 2007.

Monthly house prices down 0.8 per cent since February 2015.


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Even I thought prices would not start falling yet, gave it another six months at least.

Looks like UK property prices could become the new FTSE 100, where it peaked in 1997, and has yet to recover to that peak. The UK property peaked 2007, everything but the kitchen sink has now been thrown at it including record low interest rates and over populating the UK(supply and demand), and yet they have not got back to their peak and are now falling.

Interesting times ahead

chucknorris

fordcapri2000 wrote: »

Looks like UK property prices could become the new FTSE 100, where it peaked in 1997, and has yet to recover to that peak. The UK property peaked 2007, everything but the kitchen sink has now been thrown at it including record low interest rates and over populating the UK(supply and demand), and yet they have not got back to their peak and are now falling.

Interesting times ahead

The ftse 100 passed the 1997 level last month! Some regions have passed the 2007 property peak, and London property prices are well above that now, about 30% over!

fordcapri2000

chucknorris wrote: »

The ftse 100 passed the 1997 level last month! Some regions have passed the 2007 property peak, and London property prices are well above that now, about 30% over!

And my smoking Great lived to be 98 years old so "smoking must be good for you", apples and pears and all that :-)

The ftse 100 has only just regained it's previous peak which is being tested, it goes over and then goes under, jury still out on it being a Bull market, I hope it is for my pension pot's sake.

"Some Regions" Well as far as I am concerned(and seems more sensible, to me anyway) to talk in general terms on here, and use averages HPI indicies. Like I said my healthy smoking Aunt died at 98.

Anyway, enjoy your day :-) I am off to work.

chucknorris

fordcapri2000 wrote: »

And my smoking Great lived to be 98 years old so "smoking must be good for you", apples and pears and all that :-)

The ftse 100 has only just regained it's previous peak which is being tested, it goes over and then goes under, jury still out on it being a Bull market, I hope it is for my pension pot's sake.

"Some Regions" Well as far as I am concerned(and seems more sensible, to me anyway) to talk in general terms on here, and use averages HPI indicies. Like I said my healthy smoking Aunt died at 98.

Anyway, enjoy your day :-) I am off to work.

I agree, in fact, for that very reason I recently moved a substantial amount (about 30% of my total equities investment) out of the ftse into cash (earning a paltry 1.25% at the Skipton B.C and 1% in Halifax cash ISA). If the ftse goes up much further, I may well move even more into cash.

But that wasn't what you said was it? You said this:

fordcapri2000 wrote: »

prices could become the new FTSE 100, where it peaked in 1997, and has yet to recover to that peak.

It is a fact that the ftse 100 has recovered, any projections or assumptions about smoking, based upon your aunt (a sample of only 1) would be an opinion (not a fact).

michaels

Clydesdale Bank ISA pays 2% with 30 days notice for withdrawals.

On topic, I think it is very hard for anyone in London/SE where the whole downturn thang wasn't that severe and we have been in positive territory for the last several years to understand that in many pats of the contry the picture is very different and the 'miracle economy' is not visible at all.

chucknorris

michaels wrote: »

Clydesdale Bank ISA pays 2% with 30 days notice for withdrawals.

Thanks, but the cash is earmarked to go back into the ftse, if it falls, therefore I need an 'instant access' account. Although of course it might not fall, I believe on balance the better value is to stick with a lower paying instant access account, because when you take the 40% tax off, the difference between the savings accounts is minimal. But any capital gain from the ftse can be tax free, when the CGT is managed correctly. Also I prefer it in the ftse in the long run, because the dividend income is about 3.4%.


EDIT: I don't often try and 'time the market' but with Greece and the election in the background, I think that there is every chance of some volatility. My portfolio was very light in cash anyway, so it isn't necessarily a bad thing for me to move part of it into cash.

wotsthat

A thread based on the release of a house price index - I didn't think we still did those. How retro.

Generali

wotsthat wrote: »

A thread based on the release of a house price index - I didn't think we still did those. How retro.

One month's data is just noise.

mayonnaise

fordcapri2000 wrote: »

Interesting times ahead

As interesting as when you were forecasting the Halifax below 140k under one of your previous usernames?

danothy

Generali wrote: »

One month's data is just noise.

One month's incomplete data is incomplete noise:

wotsthat

fordcapri2000 wrote: »

Even I thought prices would not start falling yet, gave it another six months at least.

According to Generali & Danothy one months incomplete data is just one months incomplete data or just noise.

I think they're suggesting you've ignored your poor predictive history to make a statement based on nothing more than a mix of confirmation bias and a desire to find meaning in randomness.

You probably ought to have a 'chat' with them.