BelfastVI Posted August 27, 2012 Report Share Posted August 27, 2012 20% more sales (how many at auction?) = 12% drop. Long may it last. A large part of the drops recorded are, I imagine a result of the houses sold at auctions. However they make up such a significant group that they are correctly included in the report. But with Belfast and greater Belfast (the largest catchment area I assume) not showing a drop this quarter I am happy enough for this to continue. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted August 27, 2012 Report Share Posted August 27, 2012 A large part of the drops recorded are, I imagine a result of the houses sold at auctions. However they make up such a significant group that they are correctly included in the report. But with Belfast and greater Belfast (the largest catchment area I assume) not showing a drop this quarter I am happy enough for this to continue. We're both happy Is this the Twilight zone? Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted October 7, 2012 Report Share Posted October 7, 2012 I believe this is the latest version from doccyboy's link above:- Statistics Report Quarter 2 2012 (Published 22 August 2012) Quote Link to comment Share on other sites More sharing options...
ravedave Posted November 19, 2012 Report Share Posted November 19, 2012 Two days to go. Whats the guess? Due to the poor weather, lack of decent stock on the market, and a general lack of confidence I'm hoping for a small negative index. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted November 19, 2012 Report Share Posted November 19, 2012 Happy for drops to continue @ 2-3% per Quarter (this will be July to Sept) - it covered the Olympics but not the recent confidence and sentiment sapping economic knocks - though to be fair, things were dire - they are just getting more dire. Even if this Q disappoints, there are a further 2 quarters to take us up to March next yr which will push things along nicely. I think the momentum is there for close to 3% drops per quarter for a good while yet - above 3% and Christmas will have come early. If sales pick up and the mid market feels the cold winds of reality, drops could be higher. Will be interesting to see what happens in Belfast, which apparently stayed static last Q, even though the (marginally representative) Nationwide said that at 14% pa it was dropping faster than anywhere else in the UK. Quote Link to comment Share on other sites More sharing options...
ravedave Posted November 21, 2012 Report Share Posted November 21, 2012 Key Findings • Over the year to the end of September 2012 residential property prices fell by 12%; • Between Q2 (April - June) 2012 and Q3 (July - September) 2012 residential property prices fell by 1%; • whilst prices are still falling the pace of decline is slowing: indeed Q3 2012 had the lowest price fall (1%) since Q2 2010 (0%); • Around 3,400 verified residential properties sold between July and September 2012, a 7% increase on the number sold in the third quarter of 2011; and • Residential property prices are now 10% lower than Q1 2005 and less than half of the peak value of the housing market in Q3 2007; Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted November 21, 2012 Report Share Posted November 21, 2012 LPS Q3 2012 available. http://www.dfpni.gov.uk/lps/index/about-lps/publications/statistics-and-research-publications.htm Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted November 21, 2012 Report Share Posted November 21, 2012 volume wise. We only need around 2,000 sales in the 4th quarter to have the largest annual volume of sales since the hazy days of 2007. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted November 21, 2012 Report Share Posted November 21, 2012 volume wise. We only need around 2,000 sales in the 4th quarter to have the largest annual volume of sales since the hazy days of 2007. According to the report - "since 2009 the annual number (of transactions) has stood at around 11,000 thus giving a 75% fall in transactions since 2006" Hasn't stopped prices falling - in fact, may aid price discovery. No repo effect this quarter?????? In the last 2 yrs, sales in Q4 have increased from Q3. I'd be surprised if there weren't well over 2,000 sales in Q4 (following the 7% rise in Q3) not least due to more repos and a further push on co-ownership. Still a lot of negatives out there though to keep prices dropping irrespective of marginal quarterly/annual transaction increases.. Quote Link to comment Share on other sites More sharing options...
Sure thing! Posted November 22, 2012 Report Share Posted November 22, 2012 So basically all the houses that are still on the market since 2007 at peak prices can expect to get 50% less now. I wonder why they think their house is different. To sell for less is a loss regardless of them paying peanuts for it at some point, they mentally banked the "profit" at some point and cant get their heads around it. And 10% below Q1 2005 is that not around RV time? Having trouble finding decent places even remotely near RV, people think their house is the exception EAs I had around to my current house perked up quite a bit when I said my target price was around RV Quote Link to comment Share on other sites More sharing options...
Belfast Boy Posted November 22, 2012 Report Share Posted November 22, 2012 • whilst prices are still falling the pace of decline is slowing: indeed Q3 2012 had the lowest price fall (1%) since Q2 2010 (0%); ... and what happened after Q2 2010? The pace picked up again 2013 is going to be a really interesting year. I expect that it won't just be cars sales that are affected by superstitious people. Quote Link to comment Share on other sites More sharing options...
PJ1977 Posted November 22, 2012 Report Share Posted November 22, 2012 ... and what happened after Q2 2010? The pace picked up again 2013 is going to be a really interesting year. I expect that it won't just be cars sales that are affected by superstitious people. 2013 will be fine: wages will go up, energy prices will fall, benefits will be generously uprated, banks will have finished deleveraging and we'll all live happily ever after. Apart from almost all the remaining Patton workers who will be losing their jobs in the morning. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 20, 2013 Report Share Posted February 20, 2013 (edited) Q4 http://www.nisra.gov.uk/HousePriceIndex/hpi.html titles up - info missing site crashed earlier Everything's crashing - it's the new norm!!!!!!!! Edited February 20, 2013 by Shotoflight Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted February 20, 2013 Report Share Posted February 20, 2013 (edited) down 3% quarter to quarter 13% y/y volume up 20% Edited February 20, 2013 by BelfastVI Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 20, 2013 Report Share Posted February 20, 2013 down 3% quarter to quarter 13% y/y You just had to beat me to it - I hope you are pleased with yourself!!!!! Must digest now. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted February 20, 2013 Report Share Posted February 20, 2013 down 3% quarter to quarter 13% y/y volume up 20% They also show apartments as going up? Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted February 20, 2013 Author Report Share Posted February 20, 2013 More reops of expensive apartments perhaps? Or the result of some litigation results? Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 20, 2013 Report Share Posted February 20, 2013 (edited) I am content. Direction of travel and velocity grand. More sales (to aid price transparency) please. Not sure what they mean by slower rate. 56% off peak to date. 13% lower than Q1 2005 - RV now irrelevant except for a baseline to go back from (by at least 13%) Edited February 20, 2013 by Shotoflight Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted February 20, 2013 Report Share Posted February 20, 2013 The thing about this report is it has 650 houses at £50k or less. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted February 20, 2013 Author Report Share Posted February 20, 2013 The thing about this report is it has 650 houses at £50k or less. What's that got to do with it? Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 20, 2013 Report Share Posted February 20, 2013 Hope this one gets revised downwards as well As a result of more up-to-date data, the Q3 2012 NI Residential Property Price Index has been revised from 90 to 89, therefore indicating that the residential property prices fell by 2% between Q2 2012 and Q32012 (as opposed to the 1% reported in the last statistics report) and fell by 13% over the year to Q3 2012 (as opposed to the 12 % reported in the last statistics report). Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 20, 2013 Report Share Posted February 20, 2013 Detached down 19% pa - 5% in 3 months RPPI standardised average for all £91,553 Have these people not read the UUJ/EA script? It is too early to say if apartment prices are bottoming out. The table also shows the NI RPPI for the fourth quarter of 2012 compared with the fourth quarter of 2011 (the same period last year). Over the year the Index for all properties has fallen but the standardised prices for apartments and detached properties have fallen most. . Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted February 20, 2013 Author Report Share Posted February 20, 2013 MSE NI -- outlook on the property index -- Marathonic bravely attempting to say that if we don't buy now we will miss the bottom. http://forums.moneysavingexpert.com/showthread.php?t=4456231 Seems a bit of a muppet. Wonder what area he's bought in. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted February 20, 2013 Report Share Posted February 20, 2013 Funny that the UUJ boyos said that detached houses went UP 5% -- someone is telling porkies http://www.housepricecrash.co.uk/forum/index.php?showtopic=68834&view=findpost&p=909261971 There figures exclude repos Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted February 20, 2013 Report Share Posted February 20, 2013 MSE NI -- outlook on the property index -- Marathonic bravely attempting to say that if we don't buy now we will miss the bottom. http://forums.moneysavingexpert.com/showthread.php?t=4456231 The top always has a peak shape. The bottom will we a long swing. Quote Link to comment Share on other sites More sharing options...
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