House Prices Now At 2004 Levels
07 April 2010, 08:07 AM
#1652
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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
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
07 April 2010, 01:24 PM
#1653
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 .
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 .
07 April 2010, 04:28 PM
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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 .
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 .
08 April 2010, 09:39 AM
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08 April 2010, 08:18 PM
#1657
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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?
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?
09 April 2010, 11:03 AM
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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?
19 April 2010, 11:11 AM
#1659
Well no .!!!
Asking Prices up 2.6 % compared to .1 % last month .!!!!
19 April 2010, 11:20 AM
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19 April 2010, 11:59 AM
#1661
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 .
19 April 2010, 08:08 PM
#1662
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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.
29 April 2010, 07:10 PM
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For those that are interested I accepted an offer on the house I put up for sale recently.
Was valued in Jan 2008 at 340k - next door sold for £325k that month which was in need of redecoration - however by the time of exchange (April/May) the buyers reduced their offer by 10k, house went for 315k in the end...
Come Aug 2008 we put ours on market for 320k, not a sniff so reduced to 300k in Oct. 3 viewings between then and Xmas and a rejected offer for 270k. Took house off market.
Put back on at end of August 2009 for 310k - 6 viewings in 3 weekends - accepted offer of 300k, 2 house chain, our buyers downsizing.
Property is a 3 bed town house in North Surrey
Was valued in Jan 2008 at 340k - next door sold for £325k that month which was in need of redecoration - however by the time of exchange (April/May) the buyers reduced their offer by 10k, house went for 315k in the end...
Come Aug 2008 we put ours on market for 320k, not a sniff so reduced to 300k in Oct. 3 viewings between then and Xmas and a rejected offer for 270k. Took house off market.
Put back on at end of August 2009 for 310k - 6 viewings in 3 weekends - accepted offer of 300k, 2 house chain, our buyers downsizing.
Property is a 3 bed town house in North Surrey
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.
Last edited by Jay m A; 29 April 2010 at 07:12 PM.
29 April 2010, 08:46 PM
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30 April 2010, 08:33 AM
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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'm rushing out now to start my own BTL empire.
Good times.
30 April 2010, 08:42 AM
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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
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
30 April 2010, 01:33 PM
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30 April 2010, 02:12 PM
#1675
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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
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
30 April 2010, 02:29 PM
#1676
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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
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
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)
30 April 2010, 08:53 PM
#1677
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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.
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.
30 April 2010, 09:47 PM
#1678
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.
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.
30 April 2010, 10:44 PM
#1680
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 