Good news this week as the turn in
#HousePrices
has locked in
@ONS
reporting rises despite 5% interest rates, massive supply and insane prices 🤣
Supply rises seem to have paused for the winter as people realise they aint selling
Prices now 0.02% lower MoM
#UKPLIndex
There are 8084 more properties for sale on rightmove today compared to last Monday.
This is the biggest surge in listings we have seen we started looking at this.
Approx 1616 listings per day.
The rush to sell at peak bubble mania prices is here, it's too late for most though
"Some people are screaming about the plight of mortgage holders but the asset bubble had to be pricked at some point. No such concern was shown for those shut out of the market for two decades and forced to pay egregious rents or sleep on sofas."
#UKPLIndex
More great news for UK
#houseprices
.
The average price has fallen -1.15% in 12 days !!!!
It is now down -3.7% since July peak !!!!
YoY figure is around +1.3% up.
So volumes surging, prices falling, it's like the market was predicated on low mortgage rates.
#UKPLIndex
Current asking prices continue to plummet during quiet December.
Current Asking Prices:
Down -1.65% on the month
Down -7.89% this quarter ( this is the one to watch )
Down -2.89% on last year
DOWN -10.2% from July bubble mania peak.
#HousePrices
Will stop with the weekly updates now and revert to Monthly/Quarterly
Thanks for all the follows and support
House prices in the UK are clearly in some sort of bubble mania and the support of the
@HouseOfComons
for this bubble using our taxes is a disgrace.
#HousePrices
continue to collapse, down -0.71% in the last week.
Now down -8% from July Peak and down -5.5% from start of October !!
Number of listings fell slightly for the first time in months, -0.2%
#UKPLIndex
Average current asking prices:
Down: -3.7% month on month !!!
Down: -5.5% last quarter
Down: -1.6% year on year
>>> DOWN: -8.7% from July peak <<<
More good news this week...
CURRENT ASKING PRICES DOWN TO A NEW POST COVID LOW !!!
if you bought a house in July 2023, you are already -6.2% down
Asking prices down -2.9% in a month and down -11% from 2022 peak.
#HousePrices
#HousePriceCrash
#DeadCatBounce
We feel the
#UKPLIndex
is being vindicated with each passing week.
The stark reality is, with 6% mortgage rates, UK house prices on average will fall 40%.
South West/South East should expect much higher falls.
>>>THIS IS A GOOD THING FOR MOST PEOPLE<<<
The BIG news is the surge in listings.
Listings increase 10,000 in one week, this is unprecedented, a 2.4% increase in one week !!!
Listings:
WoW: 2.4%
MoM: 4.8%
QoQ: 11.6%
YoY: 62% !!!!
Looks like we are well ahead of the curve.
Forewarned is forearmed, share our independent property index and make sure people know what's really happening.
#HousePriceCrash
#UKPLIndex
More good news this week...Current asking
#HousePrices
continue to drop off a cliff, now down £7000 in 2 weeks.
Supply keeps falling too as kite flyers in the S.E. and S.W. realise no one is coming to bail them out.
I'd like to personally thank each and everyone of the 6007 people who have followed us.
Our aim was to make people aware of price drops and "erroneous" listings on rightmove
We knew prices were in a low IR/QE fuelled bubble and we hope, for out kids future, prices collapse.
#UKPLindex
Good news,
#HousePrices
have started heading back down, much earlier than last year.
prices fell 0.2% in a week, falling sharply.
WoW: -0.24%
MoM: 0.23 %
QoQ: 4.08%
YoY: -5.2%
From Peak: -5.2%
This isn't even the big news....
More good news this week.
The
#HousingMarket
has definitely turned, prices falling quite hard in the last week
Down 0.33% in a week and now back to last May levels.
Looking at some of the data we have, I find this very very curious
Given the
#ChannelIslands
are a bit of a tax haven, why the rush to sell ?
Maybe the rich know something the poor first time buyers dont....
#HousePriceCrash
#UKPLIndex
for June
Number of available listings on rightmove continue to surge...
While current asking prices continues it's spring bounce.
Meanwhile, sales and mortgage approvals have collapsed.
Greed or desperation, I dont know which.
Some good cheer to end the year...
#HousePrices
continue to collapse this week
now down to new post covid/2023 low.
If you bought a house in 2023, you've lost money.
Current asking prices continue to plummet, falling -0.76% in the last week, now down -9.4% since July peak and on course for 10% falls before the end of the year.
We have enough Median current asking price information now to compared mean and media current asking prices
Good correlation and you can see the media price was really pumped up the last 18 months.
More greedy people at the top end trying to sell IMHO
Despite
@rightmove
's "optimism"....the number of houses available to buy hits a new peak, now over 490,000 for the first time since we started our index.
Desperate sellers unwilling to accept reality are holding our for some mug to bail them out.
1000s stuck in chains now too.
Terrible news this month as we see current asking prices have risen MoM for the first time since Sept 2022, quarterly, year on year are down though
MoM: +0.48%
QoQ: -0.46%
YoY: -3.92%
Available listings continue to surge, no one is buying at these insane bubble mania prices.
Terrible news again this week, current asking prices shot up, while supply shot up as well.
Delusional 2022 buyers trying to get out before the collapse.
They've already missed the boat IOHO
Number of available listings now above 2020 high.
Next up....2019 high.
We could see that next month as supply is up 20,000 properties have been added in the last month.
Anyone waiting to sell at peak 2022 bubble mania prices could be very disappointed.
Put this date in your calendar...
today the
#housingbubble
popped.
We've been running a twice weekly check on average house prices due to the unprecedented nature of what is going on
This week has seen the first fall...
Average asking price down: -0.04%
Listings: +500 per day
@UKPLIndex
#HousePrices
Excellent news this week...Current asking price falls ( on rightmove) accelerated sharply this week, posting the 4th biggest weekly fall we've seen ( the other 3 were after the Truss Budget )
prices down a 0.9% in a week.
#HousePriceCrash
#UKPLIndex
Despite the summer holiday lull, the number of properties available for sale on rightmove continues to surge and prices continue to fall.
Prices
MoM: -1.4%
QoQ: +0.5%
YoY: Down -5.5%
From Peak: Down: -6.5%
Listings
MoM: + 3.5%
QoQ: +12%
YoY: + 60% !!!
Given my charts show a rebound in asking prices but a surge of available listings and given the fact that mortgage approvals have collapsed and mortgage rates rhave risen I'd say the current asking prices are masking a big fall in actual sale prices at the mo.
Hi. Sorry fro the lack of posts, was too busy last week to post by hand. Twitter is still not allowing external tweets via their API.
Shutting down for the summer holidays today, will be back in 2/3 weeks.
The good news is, the weekly day shows pries are still falling....
Official Monthly
#UKPLindex
>>>> Asking prices fell -2.7% this month <<<<
Last quarter prices down -4.1%
AND THE BIG NEWS....
>>>> Asking prices fell -0.3% year on year <<<<
Sales volumes up again:
MoM: 8.9%
QoQ: 30%
YoY:47%
House prices now down -5.2% from July peak
MORE
#GoodNews
this week...
asking prices continue to slide, down
-1.65% this month
-4.20 % this quarter
and only up 0.88 % year on year.
Available listings up:
7.7% this month
30% this quarter
48% this year
#HousePriceCrash
#UKPLIndex
update.
Last 2 weeks has seen 1000s of properties made available to buy and every more insane asking prices. Sellers seem unable to factor in the fact that people can't afford to pay the price they foolishly paid for a simple shelter from the elements
Supply...
This month's
#UKPLIndex
....
Available listings on rightmove has shot up ( as predicted ) now at new all time post covid high
And now 9000 short of all time post 2018 high
Sadly, asking prices have also gone up as desperate greedy morons try and find some idiot to bail them out
Hi All,
We're shutting down for Christmas now....we'll be back before new year.
Thanks for all the follows/support this year, it is very much appreciated.
Merry Christmas.
We decided to continue with our weekly updates for a while.
Current asking price fell nearly 1% in the last week (-0.9%), a £4000 drop, taking us back to Sept 2021 levels.
Listings dropped 2000 the week before week but increased 2500, this week, so slightly up on start of month
Looks like were being limited to 50 automatic tweets per day.
Will only tweet big drops above 20% now.
Better than nothing.
Can't see twitter surviving if this continues.
from
@HousePriceMania
our CURRENT asking price index is a good leading indicator to actual prices
Nationwide now showing a -6% fall from peak, we have a -10.5% fall from peak.
With mortgage rates going up, 40-60% real term falls are baked in now.
Great news....I've finally managed to get automatic tweeting working again !!!
Not sure how limited the number of tweets will be ( reported to be 1500 per month :-( )
If anyone is looking for a python/twitter expert then please dont ask me
Just in time to watch prices collapse
@dishonestmoney
if you maxed out to buy a house at 250,000 at 0% IRs.
Someone else needs to max out to buy the house at 6% IRs.
That makes your house worth 40% less.
@BBCNews
I personally don't think the BBC are explaining what is going on very well.
The mortgage war is banker bullshit to try and prop up house prices ( and their balance sheets ) IMHO.
At current rates and house prices UK will see a 60% real term house price crash (already down 25%)
#UKPLIndex
Good news to start the year...despite the Christmas slow down
#HousePrices
continued to collapse at the end of the year, down 0.5% MoM and down a whopping 4.5% QoQ.
If you compare the "spring bounce" this year to the previous years you can see the rate at which properties are being added to rightmove is extra-ordinary.
Number of available properties now well back Jan 2020 level and almost over the 400,000 line
@MarcopoloLondon
From
@HousePriceMania
@Telegraph
"A neighbour bought in 98 for £88k selling for £530 K.
25% drop = £397.5k but if it had risen with inflation it would be £180k -
so prices could drop by 25% and still be insane."
That's not even WAGE INFLATION but GENERAL INFLATION.
This trend continues....
There are 5084 more properties available to buy on rightmove than 10 days ago.
That's 500 per day net gain, or, It's this continues we'll see 100,000 more units by Christmas.
What was that they said about demand and supply ?
#HousePriceCrash
Put this date in your calendar...
today the
#housingbubble
popped.
We've been running a twice weekly check on average house prices due to the unprecedented nature of what is going on
This week has seen the first fall...
Average asking price down: -0.04%
Listings: +500 per day
@RichardJMurphy
I dont agree with much you say but I do agree that this was the plan.
Fight inflation by making people poor not by revaluing the £ by putting IRs above inflation rate.
IRs should have hit 15% in the UK.
#HousePrices
#GreatNews
Weekly
#UKPLIndex
check shows, CURRENT Asking prices:
Last week: Down -1.2% !!!
MoM: Down -4.8%
QoQ: Down -6.2%
YoY: Down -2.3%
From July Peak: -7.23% !!!
Number of listings continues to rise: +3000 this week.
Median prices, down -4.34% from July peak
As usual, the BIG news is the number of available listings, still rising sharply.
It's back above some of the levels seem in Jan 2019 and heading above 2020 levels.
Given the transaction data, we'd say nothing is selling while people are desperate to sell up.
More good news this week.
Current asking prices down 2% since the start of the month !!!
Supply up another 3000 properties this week ( 4% from the start of the month ).
#HousePriceCrash
More good news..
Current asking prices down again, -0.33% in a week ( annualised that, you get -17% )
Now down over -4% from July peak now, and now up only 1% from this time last year.
#HousePrices
#HousePriceCrash
A sight for sore eyes.
Here's the London current asking price index graph.
The Boris bounce can be seen followed by all out collapse.
Hopefully it'll get worse and by worse I mean better.
The really big news is this chart
Rightmove available listings have plummetted, there is nothing to buy.
@RishiSunak
/
@bankofengland
have broken the housing market with the insane bubble prices, only a crash now will get the market going.
As you can see, the surge in listings is unprecedented, I think everyone wants to sell before the collapse...but like any investment mania...it's too late already
Weekly update...
Current asking prices fell £1000 in the last week
and...
Number of available listings on RM shows 2200 more properties available than a week ago and that's in the middle of the summer holiday slow down !!!
#UKPLIndex
April has seen another huge surge in the number of places up for sale, now 9000 shy of the pre-pandemic low in 2019.
If house prices are dependent on supply and demand then collapse is ensured.
#HouseOrices
continue to collapse, down -0.71% in the last week.
Now down -8% from July Peak and down -5.5% from start of October !!
Number of listings fell slightly for the first time in months, -0.2%
Blimey...it looks like
@Jeremy_Hunt
and
@MartinSLewis
are discussing with lenders how to help people with mortgages, when they ( or their spouses ) have property companies with massive debts.
Why is 10 houses
@RishiSunak
and the
@HouseofCommons
allowing this ?
Bad judgment ?
@Jeremy_Hunt
@MartinSLewis
Time the
@metpoliceuk
looked into the
@Conservatives
"help" for the housing market.
Mr Lewis/Mr Hunt, do your/wife's property companies own millions in mortgage debt ?
What happened to the "free market", if it's not free, it's rigged.
Are you promising the banks anything?
The number of available listings chart just went vertical.
I'd wager this has a lot to do with 2 year fix rate mortgages rolling over and people now unable to pay the debt they willingly took on to speculate on property...
Current asking
#houseprices
fell again last week, down -0.34%, taking the fall from peak to -10.5%.
Number of available properties for sale on rightmove continues to bounce back last week, up almost 1%
#UKPLIndex
more good news this week, prices showed a weekly fall, down -0.02% after 2 weeks of small rises and the number of listings surged, approx 4,000 listings added.
#UKPLIndex
More
#GoodNews
as
#HousePrices
falls accelerate, down £3K in a week and that is with a rise in the average
#London
price which is the main driver of the average prices so big falls happening elsewhere !!!
Meanwhile supply has fallen again a bit.
So council pension funds are lending money to property speculators to inflate the price of shelter thus denying council tax payers the chance to buy a house.
This is some level of madness/criminality !!!
Cambridge pension fund being used to lend to Expats to invest in BTL.
The council should be providing houses to the poor, instead they are providing money to property speculators to collect on housing benefit.
This is truly sickening
@CambsCC
Is this your pension fund ?
#UPPLIndex
for November.
More good news for the
#poor
, the
#young
, anyone who needs to move area or who needs to buy a bigger house....Current asking prices collapsed another £3K last month, now £2000 above the Jan 2023 low.
Classic dead cat bounce.
Final March 2023 stats for tweets was approx 500 below November highs
This means a lot of 10%+ house price drops now !!!
This is a approx 3 or 4x March 2022 figures !!!
Disappointed by the lack of new followers but appreciate everyone who does follow.
@HousePriceCrash
@moving_charlie
@HenryPryor
Some coal for the fire...
Henry ( top bloke ) blocked me some time ago, dont think he likes the insane bubble message...but that's exactly what it is.
It's not often
#UKPropertyLion
speaks out but the actions of
@bankofengland
and
@RishiSunak
should be seen as a criminal act, in my opinion, in order to keep their asset price/debt scam going.
They are robbing the 99% to profit themselves, the 1%
Enough is enough.
#SpeakOut
Terrible news...a definite spring bounce has been detected.
The MSM and Criminals in Westminster have their wish, higher shelter prices.
Hopefully it'll collapse quickly as IRs don't fall.
#HousePrices
back up to insane 2022 highs, while supply goes though the roof.
Full on mania behaviour again.
New asking prices on RM are bat shit crazy while stuff sits unsold for a year or more.
Are there any social media influencers that can help get property lion and
@HousePriceMania
info under the noses of the young people who are being shafted by the old/establishment/government/banks?
Any recommendation is welcome, this bubble must be allowed to burst
#HousePrices
meanwhile, the number of properties available to buy continues to climb....
Now well past the 2018 levels where IRs were 0.5%
No one is buying and UK House prices have a long way to fall....
@BBCNews
@HousePriceMania
. The correlation between UK house prices and the stages of a bubble(mania) are undeniable.
We've had the return to normal now we are in the fear phase.
Halifax should not be allowed to say supply is an issue when it has shot up all year as we can clearly show
#UKPLindex
mixed bag today.
Number of houses available to buy at crazy arsed prices shot above 500,000 for the fist time.
Quite inexplicably, aksing prices shot up from a week/2 weeks go, but still down -0.25% on the month
I'd wages idiots are believing the MSM propaganda
#UKPLWestMidlands
TOTAL REDUCTION: £70,000 (29.17%)
ADDRESS: QUARRY BANK - Hill Street
STATUS: Reduced on 16/01/2024
INITIAL PRICE: £240,000
NEW PRICE: £180,000 to £170,000, Down: £10,000 (5.56%)
Mortgage Repayment: £994 pcm
Current asking prices up again, but look at how quickly the number of listings in rising.
4 weeks from now we'll be above last years peak( Oct 2023 ) and we're heading for all time number of desperate greedy people trying to off load their bad investments.