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Mixed messages from Housing Stats


ArtyisBack

Well-known member
Joined
Sep 2, 2009
Messages
6,090
the lastest issue of the Statistics and Research Publications | Publications | About LPS | D F P (N I) is a mixed bag.

Terraced properties are down 59%
Semi Detached down 53.5% from peak
Detached down 56% from peak
Apartments down 61% from peak

However it is not all bad, sales have increased over the quarter at 3434 which is 6.9% better than the same quarter last year, and up 11.7% on the previous quarter, (Q2).

But the downside - (if you want to look at it that way) - is that prices are still falling. They are down 1% on Q2 and 12% on previous year.

It seems that people are buying but perhaps it is the better offers that are selling, (better on the terms of the individual buyer), but the general trend is still down.

Across all properties the summary price data statistic (average, median, standardised price) varies between £95-115,000. The simple average price is highest, as it is influenced by the small number of higher priced detached properties sold.

So not good - but at least there are people buying.
 

Tommythesash

Well-known member
Joined
Nov 22, 2010
Messages
5,214
[video=youtube;rNVcSIZyBuE]http://www.youtube.com/watch?v=rNVcSIZyBuE[/video]
 

vinoboy

Well-known member
Joined
Jul 29, 2010
Messages
10,954
House prices were artificially high so any decrease is welcome, what is not is the over tight access to mortgages .Surelya 10% deposit and an ability to pay would suffice rather than asking folk for 25% .Or why not develop a quality private rented sector for families at affordable rates .
 
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