Topic:	House price increase, update.
Kernow Posts: 248 Posted: 7.Feb 2006 - 12:31	Per UpMyStreet Property price watch Up 0.23% - Nov 05 % changes by region against previous month and year: London: +1.96%; +6.49% South East: +0.69%; +2.45% East: +0.41%; +3.24% East Midlands: +1.02%; +0.91% North East: -0.13%; +7.49% North West: -1.22%; +4.96% Scotland: -1.61%; +13.48% South West: -0.49%; +1.38% Wales: +1.18%; +2.82% West Midlands: +0.52%; +0.54% Yorkshire: -0.2%; +6.26%
CJenkin Posts: 746 Posted: 7.Feb 2006 - 13:55	Some areas of Conwall are still growing ... http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/15uc.stm
xxxxxx Posts: 2305 Posted: 8.Feb 2006 - 03:28	and some are falling; QuotePenwith Change in last quarter: -3.2% Change in last year: -3.4%
StopTheMarina! Posts: 31 Posted: 8.Feb 2006 - 07:07	It doesn't pay to believe figures put out by estate agents; they're all pedaling like mad to avoid a price crash. Stop The Marina! House prices 'fell in late 2005' House prices in England and Wales fell by 2% in the last three months of 2005, according to authoritative figures from the Land Registry. The figures seem to contradict surveys from mortgage lenders which had claimed that prices started to accelerate as 2005 drew to a close. According to the Land Registry, the average house price fell to £191,327 between October and December. But the annual rate of price increase, at 4.6%, was similar to other surveys. During 2005, house prices rose in all regions of England and Wales. The biggest increase was in the North of England, at 8.5%, while the smallest was in the South West of England at 0.5%. Some types of property were in markedly greater demand than others. New detached properties rose in price by 8% over the last 12 months, as did older terraced houses. However old flats and maisonettes went up by just 3%. Cheap or expensive? The cheapest property prices, according to the Land Registry figures, are to be found in Kingston-upon-Hull - where the average property costs just £82,102. The fastest-rising prices were to be found in Hartlepool, up by 37% to an average of £104,152. But the most expensive properties are still in London, where buying an average property in the borough of Kensington & Chelsea will cost £752,760. More sales The volume of sales rose even more noticeably than prices during the course of 2005. The Land Registry, whose data include all transactions, said that sales in the last quarter of last year were running at a level 13% higher than the same period the year before. With prices rising steadily, only four properties were sold for under £10,000 in the last quarter of 2005. Story from BBC NEWS: http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/4689954.stm Published: 2006/02/08 00:16:07 GMT © BBC MMVI
xxxxxx Posts: 2305 Posted: 8.Feb 2006 - 07:52	Quote It doesn't pay to believe figures put out by estate agents; they're all pedaling like mad to avoid a price crash. Who's listening to estate agents? My figures were from the same source you quote.
cledry_maid Posts: 1347 Posted: 8.Feb 2006 - 08:19	They certainly haven't fallen in Penzance http://news.bbc.co.uk/2/hi/uk_news/england/4194694.stm And in last weeks cornishman there was an article stating that house prices in Pz went up 17% last year.
xxxxxx Posts: 2305 Posted: 8.Feb 2006 - 08:35	Your figures are out of date dear; QuoteMonday, 29 August 2005,
cledry_maid Posts: 1347 Posted: 8.Feb 2006 - 08:41	The article int he cornishman was talking about house prices during 2005 - how is that out of date? We won't know how house prices have fluctuated in 2006 until 2007.
xxxxxx Posts: 2305 Posted: 8.Feb 2006 - 08:45	You linked to a BBC article from August of last year, those were the 3rd quarter figures. The figures I quoted are from the last quarter.
cledry_maid Posts: 1347 Posted: 8.Feb 2006 - 08:52	And the article in the cornishman was about the whole year
xxxxxx Posts: 2305 Posted: 8.Feb 2006 - 09:00	Link please?
cledry_maid Posts: 1347 Posted: 8.Feb 2006 - 09:02	I can't find it atm. The search function on tic is pretty shite p.s - isn't this sweet - just you and me
xxxxxx Posts: 2305 Posted: 8.Feb 2006 - 09:06	No, I've searched, and it doesn't seem to be there... How ...odd.... It may be sweet for you dear...
cledry_maid Posts: 1347 Posted: 8.Feb 2006 - 09:07	If we haven't used the paper to light the fire I'll scan the article
cledry_maid Posts: 1347 Posted: 8.Feb 2006 - 09:20	It's not he article in the Cornishman but it may be where they sourced the info from QuotePhil Delaney, Regional Manager, Halifax Estate Agency, said: "Penzance was the strongest performer over the past year with a 17% rise in the average house price to £233,466. Buyers have been attracted to its combination of a seaside location and strong local facilities. I can't copy the shortcut as it links straight to a wordpad doc but I typed house price increase 17% 2005 penzance into google and it was the firt one to come up
StopTheMarina! Posts: 31 Posted: 8.Feb 2006 - 09:48	My Point exactly - "Phil Delaney, Regional Manager, Halifax Estate Agency, said:...." Whether mortgage lenders or estate agents, the figures are bound to express 'bias' - they just haven't been able to co-ordinate their varying degrees of 'bias' very effectively hence the various discrepancies. Some would call this practice good marketing, others would call it lying. Stop The Marina!
xxxxxx Posts: 2305 Posted: 8.Feb 2006 - 10:07	"STM"It doesn't pay to believe figures put out by estate agents; they're all pedaling like mad to avoid a price crash. "Cledry"Phil Delaney, Regional Manager, Halifax Estate Agency, said: "Penzance was the strongest performer over the past year with a 17% rise in the average house price to £233,466. Buyers have been attracted to its combination of a seaside location and strong local facilities. So why not go on the BBC figures which show prices in Pz have dropped over the past 1/4?
chris Posts: 1405 Posted: 8.Feb 2006 - 11:40	The BBC are one of the worst reporters of the housing market around. They will print a story saying house prices have gone up the same day they print one saying they have gone down. At the end of the day they are a vested interest - half their TV schedule is based around property programs and the mania surounding it. As for estate agents and building societies - the more they shout about house prices going up, the weaker the market really is. Another point to take into account is the number of ways of sampling and alalysing the data. At the end of the day I have no doubts we are in the middle of the biggest bubble ever, my biggest concern is that it will take all of us with it when it pops. $1,200 billion personal debt, average household spending is something like 150% of earnings, bankrupcies and repossesions at highest level ever etc http://www.creditaction.org.uk/debtstats.htm
cornishminer Posts: 769 Posted: 8.Feb 2006 - 11:47	Quote Cledry wrote: Phil Delaney, Regional Manager, Halifax Estate Agency, said: "Penzance was the strongest performer over the past year with a 17% rise in the average house price to £233,466. Buyers have been attracted to its combination of a seaside location and strong local facilities. So why not go on the BBC figures which show prices in Pz have dropped over the past 1/4? Plus 20% for the year but down 3% over the last 1/4 make the maths correct!!!!!!!!!! But anyone who thinks house prices are going to fall, just hang on a while and pick up a bargain!!!!!!!!!
chris Posts: 1405 Posted: 8.Feb 2006 - 11:50	House prices up 4.6% says Land Registry The Land Registry’s latest residential property price report shows average house prices in England and Wales rose 4.6% during 2005 despite a fall in prices between October and December. http://www.ifaonline.co.uk/public/showPage.html?page=315323 House prices 'fell in late 2005' House prices in England and Wales fell by 2% in the last three months of 2005, according to authoritative figures from the Land Registry. http://news.bbc.co.uk/1/hi/business/4689954.stm Can you spot the dodgy reporting?! I like to think the latest result and trend is the most relevant! And here's one for Stroppy and Diane: http://www.smh.com.au/news/national/slump-hits-home/2006/02/06/1139074171442.html
troll Posts: 567 Posted: 8.Feb 2006 - 17:35	They seem top forget that 4.6% is about 50% more than the increase in salaries so they're still becoming less affordable.
cledry_maid Posts: 1347 Posted: 8.Feb 2006 - 19:08	And council tax is going up 5%
troll Posts: 567 Posted: 8.Feb 2006 - 19:29	Gas by ~25% High street doing badly A huge hole in Gordon's finances Could be fun
lyskerrys Posts: 928 Posted: 8.Feb 2006 - 19:47	And suddenly they are talking about scrapping the next round of local elections - wonder why?
Joe Posts: 781 Posted: 8.Feb 2006 - 21:04	I bought my house as a home and don't see it as a commodity. I always hope that the bubble will burst and so all the smug property investors will shrink off back with their debts. However, the picture will be different for local homeowners left to pay huge mortages as interest rates rise to curb the inflation brought about by a housing slump and everyone wanting more wages.
xxxxxx Posts: 2305 Posted: 8.Feb 2006 - 21:37	QuoteAnd here's one for Stroppy and Diane: http://www.smh.com.au/news/national/slu ... 71442.html One day people will realise that not all Ozzies live in Sydney. (Oh, and as I'm renting, and looking to buy, that's a GOOD thing for me! )
chris Posts: 1405 Posted: 2.Aug 2006 - 09:45	More good news for Aussies (I'd wait a bit longer Stroppy): House prices to tumble HOMEBUYERS across Australia might be better off delaying their home purchases into the New Year as house prices fall following today's rise in interest rates. http://www.news.com.au/dailytelegraph/story/0,22049,19992837-5001024,00.html
FlammNew Posts: 1814 Posted: 2.Aug 2006 - 09:54	QuoteI'm renting, and looking to buy, Don't say you're thinking of staying out there, strop?
xxxxxx Posts: 2305 Posted: 2.Aug 2006 - 10:35	The plan is... Wait until my daughter is old enough to go to university, then allow her to choose whether to stay here for her education, or come to the UK. (In about 8 yrs time) Move back to the UK so Hen can experience living in another country for a few years. Sell up in the UK and move back to Oz to retire... Detailed enough?
FlammNew Posts: 1814 Posted: 2.Aug 2006 - 10:39	I'm sure Cornwall's loss is Australia's gain.
xxxxxx Posts: 2305 Posted: 2.Aug 2006 - 10:40	LOL!! Nice one
xxxxxx Posts: 2305 Posted: 3.Aug 2006 - 08:29	Good news for some.. QuoteUK rates 'to hold steady at 4.5%' The Bank of England is widely expected to leave rates unchanged for the 12th time in a row later. Analysts predict the Bank will leave rates at 4.5%, despite increased talk that it will soon opt for a rise. Experts say the Bank is likely to delay any rise in the face of an uncertain global economic outlook and the risk rising fuel prices pose to growth. However, some analysts think rates could rise before the end of the year to help keep inflation in check. Recent figures showed inflation unexpectedly surged to 2.5% in June - above Bank targets of 2% - while rising energy costs are expected to push inflation even higher. Meanwhile, the economy grew at its fastest rate for two years in the second quarter of this year. 'Lively debate' "At last it's got interesting. A combination of above-trend growth and above-target inflation has finally given the interest rate hawks some serious ammunition," said Andrew Smith, chief economist at KPMG. "But a rise this month is still far from a done deal." Crucial to the future path of UK rates will be how the members of the Monetary Policy Committee (MPC) vote at the current meeting. "Developments since the July MPC meeting are likely to have pushed the committee significantly nearer towards hiking interest rates," Howard Archer, chief UK economist at Global Insight said. "Consequently, the MPC meeting is set to be a very lively affair, and it is highly possible that some MPC members will cross over into the rate hike camp." He added that while recent data had made the case for a rate rise stronger, the MPC will be very aware that recent growth was lifted by a World Cup-driven consumer spending boom and so it will most likely wait for another round of figures to assess the strength of the economy. Story from BBC NEWS: http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/5240770.stm
troll Posts: 567 Posted: 3.Aug 2006 - 13:26	Stroppy, you need a new crystal ball: http://news.bbc.co.uk/1/hi/business/5241974.stm
xxxxxx Posts: 2305 Posted: 4.Aug 2006 - 05:59	Blimey.. Aunty Beeb needs to sack her horoscope writer, if she cannot predict what will happen in four hours time, she can't be that good.. Mine: Last Updated: Thursday, 3 August 2006, 10:24 GMT 11:24 UK Yours: Last Updated: Thursday, 3 August 2006, 13:32 GMT 14:32 UK
perper Posts: 3 Posted: 5.Aug 2006 - 12:00	www.winmycottage.com