Land Registry - House Price Falls - [B]Every[/] region of England and Wales.

[_V_]

The Land Registry data shows that every region of England and Wales has witnessed annual house price falls.

On a more local level, average prices in the Isle of Anglesey, and in Neath Port Talbot Borough Council have actually risen by 1% in the year to October.

In contrast, Conwy experienced the biggest annual price fall, down 12.9%.

Annual regional house price falls:

West Midlands: 9.3%
North West: 9.2%
East Midlands: 10.9%
East: 11.2%
South East: 10.2%
Yorkshire and Humber: 10.1%
London: 8.6%
North East: 10.4%
South West: 11.5%
Wales: 12%

source: Land Registry



http://news.bbc.co.uk/1/hi/business/7754270.stm

[Spacecadet]

Not every region, CyberToryshire has seen an increase in house prices

[Doggy Styles]

On a more local level, average prices in the Isle of Anglesey, and in Neath Port Talbot Borough Council have actually risen by 1% in the year to October.

I wonder why Anglesey?

[Ardesco]

I wonder why Anglesey?

Lots of people selling up and retiring there where house prices are a damn sight more affordable. Shame there's nothing there tho :/

[thunderlizard]

Please could somebody tell that to my own beloved borough of Westminster? Prices up another 19.9% over the quarter.

[Doggy Styles]

Lots of people selling up and retiring there where house prices are a damn sight more affordable. Shame there's nothing there tho :/

Indeed, not for retired people anyway.

My wife's uncle retired to north wales seven years ago. Attracted by a cheaper house in a beautiful part of the world.

But he's miles away from his family and everything he knew, and his wife is now wheelchair-bound. They both wish they never gone. The price differential means they can never come back.

And it rains a lot.

[Bob Dalek]

Indeed, not for retired people anyway.

My wife's uncle retired to north wales seven years ago. Attracted by a cheaper house in a beautiful part of the world.

But he's miles away from his family and everything he knew, and his wife is now wheelchair-bound. They both wish they never gone. The price differential means they can never come back.

And it rains a lot.

North Wales? Can never come back? That's North Wales?! New South Wales, now that'd be a tricky problem to overcome. NORTH WALES?

[Doggy Styles]

North Wales? Can never come back? That's North Wales?! New South Wales, now that'd be a tricky problem to overcome. NORTH WALES?

You have obviously missed the point.

You see, they've lost the advantage of the house price differential, which is where you cash in your average sized but expensive semi in the London area, buy a cheap house in the sticks, and use the rest as an annuity.

So he's committed his profit, house prices have doubled since, and being retired looking after his invalid wife there is no chance of him increasing his funds. It's unlikely he'll ever be able to afford a decent place back in the south east, especially with features required for his wife.

But I concede he might be able to come back to a one-bedroom flat on a chav estate somewhere for them to see out their last days.

[tim123]

I wonder why Anglesey?

Probably because the sample is so small it's a statistical error.

(if there are only 100 houses per month sold in a region, the once a year sale of a million pound house is going to have a strange effect on that month's figure)

tim

[Sysman]

You have obviously missed the point.

You see, they've lost the advantage of the house price differential, which is where you cash in your average sized but expensive semi in the London area, buy a cheap house in the sticks, and use the rest as an annuity.

So he's committed his profit, house prices have doubled since, and being retired looking after his invalid wife there is no chance of him increasing his funds. It's unlikely he'll ever be able to afford a decent place back in the south east, especially with features required for his wife.

But I concede he might be able to come back to a one-bedroom flat on a chav estate somewhere for them to see out their last days.

And that's more evidence that UK house prices influence way too many important decisions in life. It's got out of control, even for those such as your wife's uncle who had seemingly done well.