And for the DoomMongers out there ,...... the Double Dip may not happen afterall .
Economy is still showing signs of recovery .!!!!!

 

Really?

http://www.telegraph.co.uk/finance/e...ar-market.html

Look at the comments in that piece.


http://www.telegraph.co.uk/finance/f...010-lower.html

However, no one really predicted the crash so why should anyone be able to predict what is going to happen this year?

Steve

 

The UK economy is forecast to outstrip its G7 rivals in the second quarter of this year, says the Organisation for Economic Co-operation and Development.

The OECD is predicting it will expand at an annual rate of 3.1%, in line with the government's own Budget forecast.

Such a rate would put the UK ahead of the US, Japan, Germany, France and Italy - but not Canada, the G7's most raw material-rich country.

The forecast is backed by the latest surveys of the UK economy.



I guess it depends on what you want to beleive .!!!!
Arguments for both I suppose .

 

So no reason to dump NL then?

 

There are a lot of far more important reasons believe me!

Les

 

http://news.bbc.co.uk/1/hi/business/8608752.stm

I may have been wrong!

Steve

 

House Prices up again .........

A property came on the market in the street I am looking to buy on the south coast, last weekend. I asked for the details - to be told it had sold within hours

Bollox - there is to be no second wave of house price falls - no drops from now on - the economy is stronger than any other in the world - everyone is buying everything .... it has got mental!!!!

Labour really have turned things around superbly - I'm not normally one to say that they have done a marveloous job - but they have.

NL for a fourth term then I guess?

 

If you'd actually look at the bigger picture, the trend is that house price increases have slowed again to a point they are about to flatline or start decreasing - looking at that graph on the bottom of the news report this is fairly obvious no?

 

Well no .!!!

Asking Prices up 2.6 % compared to .1 % last month .!!!!

 

The actual numbers of properties coming on the market has seen an increase as well .

I cant see people trying to sell and complete before the GE to be honest because it just would not happen that quick so I dont see that as being the reason to be honest .

 

A hung Parliment will result in a run on the pound .... this will protected by a hike in Interest Rates to around 3.5% .... that's 7 times where they are now - and will be quite a shock to the system.

 

even more good news

 

Another rise ... onwards and upwards ... PITA!!!

 

jesus what a mucking fugs weve been not to invest this time last year

 

^^^ quote posted September 14th

Just to let those interested before know, in mid December the chain fell apart thanks to our buyer's agents (they were downsizing) not checking the credentials of their buyers - they didn't have an agreed mortgage in place...and they weren't start of chain!! so house back on market for 310k in December, no takers thanks to seasonal timing, also tennants gone now so no rental income. Found short term tennants for 3 months (wife's work colleague so reduced rate for a favour, no Agents fee). Dropped the price to 300k end of Jan and accepted an offer for 295k to 1st time buyer in early Feb. Completed last Friday.

I didn't see any significant rise in house prices this 1st quarter, not in North Surrey anyway.

 

Once the country gets better the housing market will recover even more Next year should see better results

 

Or, if Greece pull us all down ..........

Or, if the Tories win ...........

Could be disastrous ........

 

i am afraid I put my money where my mouth is and not only bought -- but also did so without selling anything

read my previous posts on this thread - get in!!!

 

So up we go again the market not tempered/affected in any way apparently by what people earn /job security !

 

Apparently not. It seems all that's required for a booming housing Market is low interest rates. And we all know those will never rise so property really is a way to get rich quickly.

I'm rushing out now to start my own BTL empire.

Good times.

 

I actually reckon its not even that , stick em up another 10 %

As long as people are told buy our politicians that total home ownership is their goal

then the sheep will follow , people would probably chuck over 75% of their take home for all i know.


maybe im jus a pessimist

 

Have noticed a lot more properties coming onto the market .This may well affect the rises we are seeing !!!!!!!!

 

You are an intelligent person. Why don't you tell it like it really is, the evidence is looking us in the face!

Les

 

Bull trap.

Only two out of IIRC 38 bubbles documented in history have so far not collapsed, 1. British housing market, 2. Australian housing market.

What do you think happens next? The Labour economic miracle prevents the inevitable that hasn't been prevented in history before?

Have a look around at the Spanish, Irish, US housing markets

 

i agree -- all bubble collapse, and it is when you get in and out that is important

we have a very different housing market from the rest of the world -- which I believe will mean our housing market will behave very differently for the rest of the worlds

it will go bang eventually, but I think we still have a long way to go (and I am prepared to bet a fair bit of money on it)

 

The truth is, in most of the UK prices didn't fall by much at all ..... properties were simply removed from the market.

The sellers just didn't blink first, the buyers did - and they are buying again ..... more properties are hitting the market at a 10% mark-up and some are selling too!

It's a really strange market in the UK ..... quite why the salary multiple rules don't apply bewilders me.

 

What did you expect? Unless you were forced into selling no one was going to sell thier property at a reduced rate. Its ok sellings yours at say 10% less if the whole chain is moving in that direction but if say a 1st time buyer offers you £20k less than your asking price and the people you are buying from won't budge on thier price the sale will fall thru. There is still bargains to be had but only from desperate people. I think I said ages ago no one would sell unless they were forced into it. The market is supposedly only recovering due to lack of new build properties making older properties more desireable. Once the banks start lending properly the new housing market will drastically improve.

 

I cant wait for the fixed rate on my mortgage to expire in 11 months time, my buy to let property will start to pay for itself and leave me a decent amount in pocket every month

 

No it won't, I tried to get a price on a remortgage with Halifax on my house and it was £100 a month more than what I pay now. I have had a fixed 5 year deal and expected a much cheaper rate. When I asked the girl whom I was speaking to why it was soo expensive and she replied "we have debts to repay" Quality, we are hammerd with debts to prop the banks up and we are going to get hammered with taxes to keep the banks up but they want to charge us a fortune just so they can make even more cash and justfy even more bonuses God bless the bankers as they have saved the country