Prices go back up, says Halifax, after record fall

Every residential sale is registered with the Land Registry. Sadly, there doesn't appear to be a time limit for solicitors to register a sale, but when it is registered, it will appear in the figures.

• 09 November 2010 17:10 PM

These low transaction figures are sending Halifax data wild. However it is clear the trend is down and next months figures are likely to be negative.

I just wish sellers would be more realistic about their too high asking prices and then transactions would increase.

• 06 November 2010 13:30 PM

Stop it Jonnie!

Enough lewd innuendo. Yesterday it was erections now we've got flagellation anf lather

• 05 November 2010 17:40 PM

If Land Reg included ALL housing transactions instead of just sampling then it would be far more accurate. I cannot see the reason to sample unless they are still using a Sinclair ZX Spectrum to do ythe calcs on.

• 05 November 2010 14:53 PM

??.........whaddaya mean?

• 05 November 2010 14:29 PM

Jonnie prices up or down do not effect EAs but if you are not selling more than 1 a month this will have passed you by.

• 05 November 2010 13:32 PM

You're quite right Taff, we should only use LR data. But I seem to remember the BBC and others predominantly used Halifax and Nationwide data when prices crashed two years ago. Let's face it, the LR isn't really sexy enough for journalists!!

• 05 November 2010 13:14 PM

When will people learn that the figures the Nationwide and the Halifax provide DON'T represent the whole market - by definition, they can only reflect transactions the Nationwide and the Halifax are involved with. TBH I reckon it's time we stopped using them and just went with the Land Registry figures.

• 05 November 2010 11:21 AM

if prices have gone up why won't my house sell??? I put it on the market with an agent who was very smart, even his car had the company logo on the side, i was really impressed with them as they valued it at £300,000, the other agent I got out was clearly in the dark ages and just relied on his own 20 yrs experience and said its only worth 250K,my current agent who promised the earth is now recommending a reduction, despite what Halifax are saying! I told them I may try another agent as a local firm keeps sending me letters telling me they have 100's of buyers for my property, my existing agent then told me i'm tied in with them for 6 months!my house is saleable as my neighbour has just sold for 250k, but he was desparate and did not even have a block paved drive, so mine must be worth 300!

• 05 November 2010 11:21 AM

…………..hello, hello, anyone there?

Crikey, its quiet here. The article on portal prices is full of chaps whipping themselves in to a lather as they are realising they didn’t negotiate a very good deal for them selves…………good luck to their vendors though, they’ve picked an agent that cant get a good deal for them selves so what hope is there for them eh?

Anyway, where are the shouty lot? Cant remember their names but the estate agent haters come out in force here when the index goes (the way they need it) down, now its gone up are we all still going to go bust, is it all our fault still that prices went up? Are you all staying in rented until prices fall 50%?

Im at a loss so come on you lot lets have a comment

Jonnie

• 05 November 2010 11:07 AM

Good old Halifax! "Yes - things aren't as bad as we recently advised - BUT..."

Funny how, immediately following their LARGEST reported drop, is one of their largest monthly INCREASES, innit?

Maybe a 'correction' element in there, methinks? Left one or two out of the equation last month "purely by accident".

Lies, damn lies, and statistics. Never were truer words spoken...

• 05 November 2010 09:40 AM