Own up. Do you regret it

Bestthingsinlifearefree

We can all look at individual houses or areas or this survey or that prediction to say prices are going up or down.

The best pace to look is at the Land Register ie the real price houses actually sold for.

Average house price Eng and Wales https://www.landregistry.co.uk (ie what prices actually sold for).

Q1 2004 WAS £166,404

Q1 2005 WAS £183,486
Q2 2005 IS £184,924

From this you can see for the last 6 months actual prices edged up a little but in the main were stable and prices are still way, way up (£17,000 on average up) on Q1 2004.


We have low interest rates, low unemployment and the economy is still growing.

Overall this suggests to me price stability / stagantion for the next few years and then a return to steady growth in line with inflation.

meanmachine_2

Bestthingsinlifearefree wrote:

We have low interest rates, low unemployment and the economy is still growing.

Overall this suggests to me price stability / stagantion for the next few years and then a return to steady growth in line with inflation.

Wow, you sound like some kind of New Labour robot.

Where have you BEEN for the last six months, because from speaking to people who have to live in the real world - shopkeepers, etc - they've never known it so bad out there.

Lowering interest rates is a BAD sign. It shows we're in trouble. You do realise that, don't you?

Bestthingsinlifearefree

Hi Meanmachine,

we have historically low levels of unemployment, low interest rates AND the economy is still growing !!!

You say lowering interest rates are a bad thing (not if you have a mortgage mate its not).

We are having to import workers from all over the world to fill jobs that locals won't or can't do (e,g bus drivers, NHS,agricultural)

We have had 50 plus consecutive quarters of economic growth the best economic run for 200 years and jeez some people are still whinging !!!!!!

We are living in a golden economic era rejoice ....rejoice......if you are not happy about the economy over the last few years you will never be happy...it ain't gonna get no better than it has been under Gordon Brown (GB Great Britian)...

so if you are negative NOW Mean Machine in these great times boy are you going to be depressed if we have a early 1990's style Tory recession !!!!!!!!!!!!

Life is economically good enjoy it !!

eurows

we have historically low levels of unemployment, low interest rates AND the economy is still growing !!!

You say lowering interest rates are a bad thing (not if you have a mortgage mate its not).

We are having to import workers from all over the world to fill jobs that locals won't or can't do (e,g bus drivers, NHS,agricultural)

We have had 50 plus consecutive quarters of economic growth the best economic run for 200 years and jeez some people are still whinging !!!!!!

We are living in a golden economic era rejoice ....rejoice......if you are not happy about the economy over the last few years you will never be happy...it ain't gonna get no better than it has been under Gordon Brown (GB Great Britian)...

so if you are negative NOW Mean Machine in these great times boy are you going to be depressed if we have a early 1990's style Tory recession !!!!!!!!!!!!

Life is economically good enjoy it !!

What a load of absolute rubbish.

Under this leadership we have the most amazing levels of debt, rising unemployment (but hidden) and clowns like you running companies.

eurows

Some how i think your not comparing like with like, just beacasue they're on the same street they don't have to be the same style type size or anything else.

we have seen it slow down in our area but prices are still up on last year...

Prices are down on last year and in some cases down on 2003. If your prices are up then that is the exception rather than the rule.

and whats not like-for-like. No 34 is number 34. And I can post loads of these.

Twopints

gingerdad wrote:

Some how i think your not comparing like with like, just beacasue they're on the same street they don't have to be the same style type size or anything else.

But property 1 and property 3 are the same house. £92k a year ago, £62k this year - a reduction of £30k in one year for the same house.

Bestthingsinlifearefree

eurows wrote:

Prices are down on last year and in some cases down on 2003. If your prices are up then that is the exception rather than the rule.

and whats not like-for-like. No 34 is number 34. And I can post loads of these.

Hi Eurows,

your view that prices are down to 2003 levels, absolute nonesence (see below).

Prices are massively over 2004 levels in most parts of the UK and in Q2 2005 on averagethey went up over Q1 2005.

Its not me saying that but the LAND REGISTRY !!!!!!!!!

The best pace to look is at the Land Register ie the real price houses actually sold for.

Average house price Eng and Wales https://www.landregistry.co.uk (ie what prices actually sold for).

Q1 2004 WAS £166,404

Q1 2005 WAS £183,486
Q2 2005 IS £184,924

From this you can see for the last 6 months actual prices edged up a little but in the main were stable and prices are still way, way up (£17,000 on average up) on Q1 2004.

bunking_off

eurows wrote:

Whats that a 30 per cent reduction in a year??

Your figures can't be disputed as they come from the land registry. However, somehow I suspect there's more to this than meets the eye, which highlights the dangers of getting too specific.

Ashton is my old stomping ground. I have no axe to grind as I don't live there anymore so don't much care about property prices there. My first reaction when I saw your figures were "bl00dy h6ll, I wouldn't have thought you could get a semi on Low Bank road for £90k, let alone £60k".

...and looking on Rightmove, I think I'm correct. Semi's (as opposed to end terraced) start at approx £100k. Sure, there's a difference between asking and selling prices, but not 30-odd%.

It crosses my mind that for numbers 60 and 34 in particular, there might be a sniff of "repo" involved...it certainly has to be someone desperate to sell at way below usual asking prices.

meanmachine_2

Bestthingsinlifearefree wrote:

Prices are massively over 2004 levels in most parts of the UK and in Q2 2005 on averagethey went up over Q1 2005.

Prices are "massively" up on their 2004 levels? That tells me all I need to know about your posts, mate.

Back to the loony bin for you I fear.

I honestly can't understand such delusion. You're either heavily mortgaged up to your eyeballs, or you're an Estate Agent.

And that's my final word on this matter.

Bestthingsinlifearefree

meanmachine wrote:

Prices are "massively" up on their 2004 levels? That tells me all I need to know about your posts, mate.

Back to the loony bin for you I fear.

I honestly can't understand such delusion. You're either heavily mortgaged up to your eyeballs, or you're an Estate Agent.

And that's my final word on this matter.

Nope neither Mean Machine. Just Land Registry Figures. Just facts.

See for yourself below latest Q2 2005 Land Reg figures, average house price in Eng and Wales not only are UP and stable on Q1 2005 but way up on Q1 2004.

Some people are so desperate for a house price crash they now cannot accept facts from the Land Registry. ie the real price houses were sold for.

Sorry meanmachine if the facts annoyingly get in the way of your end of the world economic theories.


Average house price Eng and Wales https://www.landregistry.co.uk (ie what prices actually sold for).

Q1 2004 WAS £166,404

Q1 2005 WAS £183,486
Q2 2005 IS £184,924