Bank lending actually rose in August

[Cyberman]

Just had an email a few minutes ago from www.mouseprice with sales in my local area in August and September. One four bed detached on an adjacent road, and smaller than mine, went for 324,000 pounds on 10th September, and there are nine sales in their list. It does show that houses are selling, certainly in my area, and for good prices.

they add :

' Average prices in your postcode have dropped by approximately 1% in the last last month. Prices in the country as a whole are now officially down by at least 8% compared with the same time last year. Annual change has now dropped for the thirteenth month in a row and the average house is now worth GBP168,814. The Land Registry House Price Index has revealed that Wales is the region with the sharpest annual house price fall, with a movement of -10.7 per cent, while London's figure of -6.1 per cent is the smallest fall of any of the regions. Sales volumes have dropped dramatically from last year. From April to July 2007, the average number of sales was 110,828 transactions per month, whereas, in April to July 2008, the figure had dropped to 57,887. This fall of 48 per cent is strong evidence for the continued weakening of the housing market.'

[Bagpuss]

Average prices in your postcode have dropped by approximately 1% in the last last month. Prices in the country as a whole are now officially down by at least 8% compared with the same time last year.

1% per month, whats that in a year?

[DimPrawn]

Average prices in your postcode have dropped by approximately 1% in the last last month. Prices in the country as a whole are now officially down by at least 8% compared with the same time last year.

1% per month, whats that in a year?

Don't try and confuse the man. We're boomed. Houses are going up in price. Best buy some whilst they are still cheap.

[Cyberman]

Average prices in your postcode have dropped by approximately 1% in the last last month. Prices in the country as a whole are now officially down by at least 8% compared with the same time last year.

1% per month, whats that in a year?

That's a meaningless statistic, especially as the house that was sold at 324,000 has sold at the same price that the owner was asking a year ago.

[Bagpuss]

That's a meaningless statistic

Then why did you post it? Methinks you need a lesson in basic maths.

[Cyberman]

Then why did you post it? Methinks you need a lesson in basic maths.

.. because I thought people may be interested to know that London prices have only fallen 6%, whereas Wales has fallen much more according to the figures. It shows that any drops are regional. The 1% in one month is much more difficult to verify, because nobody will have Land Registry figures for October, not even the Land Registry itself!! Get it ???