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View Full Version : Official - Land Registry shows house price increase



DimPrawn
28th October 2009, 13:00
http://news.bbc.co.uk/1/hi/business/8329775.stm

House prices in England and Wales rose by 0.9% in September compared with August and sales also picked up over the summer, the Land Registry has said.

The average home in England and Wales cost £158,377, the figures showed.

This was 5.6% cheaper than the same month a year earlier, but September was the fifth consecutive month when the year-on-year price fall has slowed.

Sales were higher in July compared with July 2008, after months of lower year-on-year sales figures, it said.

Completed sales have risen steadily each month since January 2009 when they stood at 26,662.

The latest data shows that there were 57,579 sales in England and Wales in July, 9% more than the same month a year earlier.



Gordon has the election in the bag!

TimberWolf
28th October 2009, 13:12
Presumably the market expects interest rates to stay low for some time, which is probably what Labour, the Tories and the European Central Bank want too. We might end up with inflation and low interest rates :eek:

milanbenes
28th October 2009, 13:17
boomed-tastic

excellent news

Milan.

TimberWolf
28th October 2009, 13:39
boomed-tastic

excellent news

Milan.

Valued in currencies other than Sterling house prices have dropped in value though.

AtW
28th October 2009, 13:43
Valued in currencies other than Sterling house prices have dropped in value though.

Quiet. Once pound reaches parity with euro all those Spanish people will start buying mansions with pools in the UK :rolleyes:

DiscoStu
28th October 2009, 13:46
Quiet. Once pound reaches parity with euro all those Spanish people will start buying mansions with pools in the UK :rolleyes:

That'll just drive prices up even further. Double-boomed!

TimberWolf
28th October 2009, 13:47
Quiet. Once pound reaches parity with euro all those Spanish people will start buying mansions with pools in the UK :rolleyes:

So when does the European Central Bank start dictating our interest rates (if it hasn't already started unofficially doing so already)?

DiscoStu
28th October 2009, 13:48
So when does the European Central Bank start dictating our interest rates (if it hasn't already started unofficially doing so already)?

Once the Czechs ratify, then President Blair will decide what our interest rates are.

sasguru
28th October 2009, 13:49
Quiet. :rolleyes:

No you be quiet.:wink

TimberWolf
28th October 2009, 13:49
Once the Czechs ratify, then President Blair will decide what our interest rates are.

That's seems a very appropriate word somehow.

AtW
28th October 2009, 13:51
So when does the European Central Bank start dictating our interest rates (if it hasn't already started unofficially doing so already)?

It would have been better if ECB was controlling rates in the UK for the last 10 years: house boom certainly would not be as bad this way.

TimberWolf
28th October 2009, 13:53
It would have been better if ECB was controlling rates in the UK for the last 10 years: house boom certainly would not be as bad this way.

Maybe (and if GB hadn't taken housing of an inflation index?) but The European Central Bank has set very low interest rates too.

TimberWolf
28th October 2009, 14:39
Another £8bn to be spent on re-inflating the housing market (http://www.guardian.co.uk/business/dan-roberts-on-business-blog/2009/oct/28/northern-rock-housing-market)

Chief executive Gary Hoffman said "the aim is to support the housing market, which is weaker than it looks...".

DimPrawn
28th October 2009, 15:11
Chief executive Gary Hoffman said "the aim is to support the housing market, which is weaker than it looks...".

:spel

Prop-up the property market until after the next election.