House Prices Now At 2004 Levels
21 January 2010, 09:32 PM
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Mortgage lending was "surprisingly strong" in December, but the figures came as one building society announced a sharp rise in rates.
The Council of Mortgage Lenders (CML) said UK mortgage lending increased by 14% in December compared with November, to £13.7bn.
Looks like the market isn't slowing at all .... in fact, it's pretty much back to normal - everything is slotting into place nicely and quickly.
BBC News - Mortgage lending up and Skipton raises rates
The Council of Mortgage Lenders (CML) said UK mortgage lending increased by 14% in December compared with November, to £13.7bn.
Looks like the market isn't slowing at all .... in fact, it's pretty much back to normal - everything is slotting into place nicely and quickly.
BBC News - Mortgage lending up and Skipton raises rates
Mortgage lending fell 43% last year - Building
21 January 2010, 09:43 PM
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22 January 2010, 01:37 PM
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Well, Les - maybe .....
All I can hope is that, by some amazing chance, the Eton Boys get voted into power - then we shall see the economy destroyed with high inflation and Interest rates and property prices dropping faster than a ****** knickers come pay day!
All I can hope is that, by some amazing chance, the Eton Boys get voted into power - then we shall see the economy destroyed with high inflation and Interest rates and property prices dropping faster than a ****** knickers come pay day!
22 January 2010, 07:08 PM
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Further evidence of the recovery in the UK housing market has come from figures showing completed residential property sales hit a two-year high in December.
Provisional figures from HM Revenue and Customs (HMRC) show 104,000 deals involving properties priced above £40,000 were completed in December.
It was the first time since December 2007 that the number has risen above the 100,000 level.
BOOOOOO!!!!!!
Provisional figures from HM Revenue and Customs (HMRC) show 104,000 deals involving properties priced above £40,000 were completed in December.
It was the first time since December 2007 that the number has risen above the 100,000 level.
BOOOOOO!!!!!!
22 January 2010, 08:45 PM
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Rush to buy before the stamp duty holiday ended. Interesting to see the Jan figures.
I know that the market is driven by supply and demand but the simple fact remains that most houses are too expensive for too many people (Scoobynet - richer than yaew member excepted of course
). I can't see a price rise this year and wouldn't be surprised if they fell.
Steve
I know that the market is driven by supply and demand but the simple fact remains that most houses are too expensive for too many people (Scoobynet - richer than yaew member excepted of course
). I can't see a price rise this year and wouldn't be surprised if they fell.Steve
22 January 2010, 10:41 PM
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Further evidence of the recovery in the UK housing market has come from figures showing completed residential property sales hit a two-year high in December.
Provisional figures from HM Revenue and Customs (HMRC) show 104,000 deals involving properties priced above £40,000 were completed in December.
It was the first time since December 2007 that the number has risen above the 100,000 level.
BOOOOOO!!!!!!
Provisional figures from HM Revenue and Customs (HMRC) show 104,000 deals involving properties priced above £40,000 were completed in December.
It was the first time since December 2007 that the number has risen above the 100,000 level.
BOOOOOO!!!!!!
You do spin this crap badly, Pete.
22 January 2010, 11:43 PM
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23 January 2010, 12:34 AM
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Feb 09 was the low.
Aug 07 was when the truth started to hurt and the collapse began. Mortgage lending was down 43% from 08 - 09. Cash buyers on a tiny scale have merely massaged the figures to falsify the upward trend. There are no FTBs; they are the housing market.
Your grasp on the market situation seems to come from the Daily Star or The Sun. Go for it - sink your money in housing
This is another mini boom, fed by printing money and keeping the rates low at the cost to us all, in the thinking we're all thick enough to vote for this shower again. QE is merely helping to erode the wealth of us all that are in a position to save.
This lot have stole the savings and taxes of the hard working to pay the feckless. I'm just glad my cash is stashed out of the UK as I would have been thieved of about £40000+ had I have left it in a UK bank, at today's reckoning.
Aug 07 was when the truth started to hurt and the collapse began. Mortgage lending was down 43% from 08 - 09. Cash buyers on a tiny scale have merely massaged the figures to falsify the upward trend. There are no FTBs; they are the housing market.
Your grasp on the market situation seems to come from the Daily Star or The Sun. Go for it - sink your money in housing
This is another mini boom, fed by printing money and keeping the rates low at the cost to us all, in the thinking we're all thick enough to vote for this shower again. QE is merely helping to erode the wealth of us all that are in a position to save.
This lot have stole the savings and taxes of the hard working to pay the feckless. I'm just glad my cash is stashed out of the UK as I would have been thieved of about £40000+ had I have left it in a UK bank, at today's reckoning.
Last edited by fatherpierre; 23 January 2010 at 12:36 AM.
23 January 2010, 12:52 AM
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25 January 2010, 12:32 PM
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25 January 2010, 02:11 PM
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That would mean the banks have made the wrong call (which they do), as they are offering 4% return on 2 year fixed bonds. To me that means they are betting on a rate rise over the next year to 18 months.
25 January 2010, 06:05 PM
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25 January 2010, 06:17 PM
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Aldershot. A dead town. A town that has been regenerated more times than Doctor Who, and still has more £1 shops and fast food outlets than any other I can think of. A town full of chav kids, pregnant teenagers and drunks. With the odd junkie thrown in for good measure. 
Less than 1/2 mile from this war zone, with no parking, and a tiny garden, you too could spend over £300,000 on a 5 bedroom house.
5 bedroom terraced house for sale in Aldershot, GU11
And people say houses aren't overpriced.
Less than 1/2 mile from this war zone, with no parking, and a tiny garden, you too could spend over £300,000 on a 5 bedroom house.
5 bedroom terraced house for sale in Aldershot, GU11
And people say houses aren't overpriced.
25 January 2010, 06:31 PM
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25 January 2010, 07:03 PM
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IMHO.
House prices to fall again in first half of 2010 - Business News, Business - The Independent
UK House Prices 2010 | Economics Blog
House prices will probably fall in 2010 - lovemoney.com - Blog
http://property.timesonline.co.uk/to...cle6952075.ece
30 January 2010, 08:58 PM
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And still, the prices march ever upwards - I'm staggered to be honest with you ... what's driving it?
BBC News - House prices could rise by 10% a year, Nationwide says
Cash buyers? Shortage? Bank of Mum and Dad?
BBC News - House prices could rise by 10% a year, Nationwide says
Cash buyers? Shortage? Bank of Mum and Dad?
30 January 2010, 09:23 PM
#1556
And still, the prices march ever upwards - I'm staggered to be honest with you ... what's driving it?
BBC News - House prices could rise by 10% a year, Nationwide says
Cash buyers? Shortage? Bank of Mum and Dad?
BBC News - House prices could rise by 10% a year, Nationwide says
Cash buyers? Shortage? Bank of Mum and Dad?
The fact that there is a major house shortage in the UK and no matter if you make £1m a year or you claim income support the one thing you need more than anything is a place to live
31 January 2010, 10:45 AM
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The economy is in a mess and house prices are rising on low volumes fed by cheap money, but no real growth in incomes. The probability of rising IR is much higher than falling IR. House prices look more vulnerable than ever in real terms, in nominal terms they could hold on for a while longer with an ever increasing risk of ruining the rest of the economy for years.