House Prices Now At 2004 Levels
#1562
I guess people have taken the view that they cannot wait forever, and move .... who can blame them really? Why put your life on hold if there are many buyers waiting to buy your property?
I don't think FTB's are driving the market.
I don't think FTB's are driving the market.
#1563
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The laughable thing is this is probably the worst recession we will see probably in our lifetime and property didn't move much. I have no doubt it will be stagnant for the rest of the year but next year wages will rise and things will be better. All peoples hopes of property crashing down will never ever happen and they will just have to hope for a Honk Kong style 100 year mortgage
#1564
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Many existing borrowers are quite happy though with these negative real interest rates, so little impetus to sell, or even a reason not to. If FTB are not driving the market, and we're looking at a lifetime of debt slavery to own property, how is that a good thing? Why is house price inflation good and other asset class inflation generally not so good?
I do not think we have had the worst of this recession yet by any stretch of the imagination, "growth" is being manipulated and storing up far worse trouble.
I wish it were different, and if it was I would not sit out of the housing market. Others take a different opinion, that is what makes a market.
I do not think we have had the worst of this recession yet by any stretch of the imagination, "growth" is being manipulated and storing up far worse trouble.
I wish it were different, and if it was I would not sit out of the housing market. Others take a different opinion, that is what makes a market.
#1565
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I'm having to calm the wife down! Where is all the money coming from? I thought the country was broke!
Steve
#1567
"Sold" signs up all over the gaff when I went for a walk this evening .Big detached down to small terraced ,plenty of " Sold" signs about .
This is even before the Spring feel good factor kicks in again .!!!!!
This is even before the Spring feel good factor kicks in again .!!!!!
#1568
Even if Interest Rates went up, I doubt it would cool things down, as the Mortgage Rate has become detached from the Bank Base Rate.
Looks like the good times are rolling ..... and the gap in the polls is narrowing too!
Looks like the good times are rolling ..... and the gap in the polls is narrowing too!
#1569
Still, the prices increase .......
House prices have risen for the seventh consecutive month - rising by 0.6% in January compared with December, the Halifax has said.
The average UK home was valued some 3.6% higher in January than a year earlier, at £169,777.
The figures show the continued trend of rising prices which has helped mortgage providers ease their lending criteria slightly.
BBC News - House prices rise by another 0.6%, the Halifax says
House prices have risen for the seventh consecutive month - rising by 0.6% in January compared with December, the Halifax has said.
The average UK home was valued some 3.6% higher in January than a year earlier, at £169,777.
The figures show the continued trend of rising prices which has helped mortgage providers ease their lending criteria slightly.
BBC News - House prices rise by another 0.6%, the Halifax says
#1571
Les
#1572
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Living standards will surely increase,as they did before the bust.
People will buy a house. It's value will rise, they will withdraw that equity to buy cars, LED TV's, expensive holidays, new kitchens and bathrooms.
We have learned nothing.
People will buy a house. It's value will rise, they will withdraw that equity to buy cars, LED TV's, expensive holidays, new kitchens and bathrooms.
We have learned nothing.
#1575
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Still with the economy picking up, and jobs aplenty, I'm sure the good times are back to stay.
BBC News - Personal insolvency hits 'record high'
BBC News - Personal insolvency hits 'record high'
#1578
Yo hodgy0 2 !!!!
Have we got some pics of the new gaff ?????
Hope you bought it at the right price ,to get straight into positive equity !!
Yeh still loving the Merc ,albeit it has had a few issues ,new amp (£1000 ),new valve block on the suspension (£1400) ,oil leak from a wiring loom on gearbox .
Mostly sorted on warranty but still sw@nking about it in thinking im the Bees Knees !! Oh and new discs /pads on the front !!!
Anyway lets have some pics .Is this a stayer or improve and move ?
I still say property is the place to put your money .Not only that but you get to enjoy it whilst living there .Good Luck with it .Enjoy
Have we got some pics of the new gaff ?????
Hope you bought it at the right price ,to get straight into positive equity !!
Yeh still loving the Merc ,albeit it has had a few issues ,new amp (£1000 ),new valve block on the suspension (£1400) ,oil leak from a wiring loom on gearbox .
Mostly sorted on warranty but still sw@nking about it in thinking im the Bees Knees !! Oh and new discs /pads on the front !!!
Anyway lets have some pics .Is this a stayer or improve and move ?
I still say property is the place to put your money .Not only that but you get to enjoy it whilst living there .Good Luck with it .Enjoy
#1579
Mortgage lending in the UK dropped sharply in January owing to a hangover from the rush to buy homes before the stamp duty holiday ended, lenders say.
Gross lending for home loans fell by 32% compared with December to £9.1bn, the Council of Mortgage Lenders said.
It suggested the decline was due in part to the threshold for paying stamp duty rising at the start of 2010.
However, the figure was 21% lower than January 2009 and the lowest monthly total since February 2000.
Further drops in prices on the way? It will be quiet until the election .. and then when the impact of the deep cuts in spending and job losses will put a damper on things?
Gross lending for home loans fell by 32% compared with December to £9.1bn, the Council of Mortgage Lenders said.
It suggested the decline was due in part to the threshold for paying stamp duty rising at the start of 2010.
However, the figure was 21% lower than January 2009 and the lowest monthly total since February 2000.
Further drops in prices on the way? It will be quiet until the election .. and then when the impact of the deep cuts in spending and job losses will put a damper on things?
#1580
In the area I'm looking to buy in, and have been for a year or two, this is only the second time I've seen prices being slashed £5k, £10k or £15k. That's only in the last 2-3 weeks.
Some houses have only been put on in January and have already had £10k knocked off.
There are also alot of houses which have been on since October/November and haven't dropped their price at all.
I refuse to pay £230-240k for a very small 2 bedroom house with a tiny garden so I need a good few months of asking prices dropping.
Some houses have only been put on in January and have already had £10k knocked off.
There are also alot of houses which have been on since October/November and haven't dropped their price at all.
I refuse to pay £230-240k for a very small 2 bedroom house with a tiny garden so I need a good few months of asking prices dropping.
#1581
Scooby Regular
Yo hodgy0 2 !!!!
Have we got some pics of the new gaff ?????
Hope you bought it at the right price ,to get straight into positive equity !!
Yeh still loving the Merc ,albeit it has had a few issues ,new amp (£1000 ),new valve block on the suspension (£1400) ,oil leak from a wiring loom on gearbox .
Mostly sorted on warranty but still sw@nking about it in thinking im the Bees Knees !! Oh and new discs /pads on the front !!!
Anyway lets have some pics .Is this a stayer or improve and move ?
I still say property is the place to put your money .Not only that but you get to enjoy it whilst living there .Good Luck with it .Enjoy
Have we got some pics of the new gaff ?????
Hope you bought it at the right price ,to get straight into positive equity !!
Yeh still loving the Merc ,albeit it has had a few issues ,new amp (£1000 ),new valve block on the suspension (£1400) ,oil leak from a wiring loom on gearbox .
Mostly sorted on warranty but still sw@nking about it in thinking im the Bees Knees !! Oh and new discs /pads on the front !!!
Anyway lets have some pics .Is this a stayer or improve and move ?
I still say property is the place to put your money .Not only that but you get to enjoy it whilst living there .Good Luck with it .Enjoy
#1585
UK house prices recorded their first monthly fall since June with a 1.5% drop in February, the Halifax has said.
The drop was caused by the end of stamp duty relief, the cold weather and more properties being put up for sale. The average home is now worth £166,857.
The Halifax said that prices were still 4.5% higher than a year earlier, but the market had slowed in recent months.
The survey found that prices are also a full 8% higher than the lowest point of the market in April 2009.
Is it just the snow and the end of stamp duty .... or something more fundamental??
The drop was caused by the end of stamp duty relief, the cold weather and more properties being put up for sale. The average home is now worth £166,857.
The Halifax said that prices were still 4.5% higher than a year earlier, but the market had slowed in recent months.
The survey found that prices are also a full 8% higher than the lowest point of the market in April 2009.
Is it just the snow and the end of stamp duty .... or something more fundamental??
#1587
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Oh look it's snowing. Quick knock £10 000 off the asking price!
I think it is because the cash buyers are running out and those looking to buy are sitting tight waiting for this dip turn into a fall.
At the end of the day, the prices are still too expensive for most people.
Steve
I think it is because the cash buyers are running out and those looking to buy are sitting tight waiting for this dip turn into a fall.
At the end of the day, the prices are still too expensive for most people.
Steve
#1588
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Just around the corner from my girlfriend:
Guide Price £174,995 3 bedroom town house for sale Cartwright Way, Beeston, Beeston, NG9, just over a year old.
Or
brand new, a few spaces up the street £199,995 3 bedroom house for sale. Was £219,995.
Guide Price £174,995 3 bedroom town house for sale Cartwright Way, Beeston, Beeston, NG9, just over a year old.
Or
brand new, a few spaces up the street £199,995 3 bedroom house for sale. Was £219,995.
#1590