House Prices Now At 2004 Levels
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From: Brecon
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
Secondly look at human population, this is the biggest and most deadly bubble of all. This is still yet to burst.
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From: Dull White BMW
Wonder what will happen to the house prices now there is a hung parliament?
I exchanged contracts today so now am looking for a swift rise rather than the drops tat have served me well. Yes I am a hypocrite!
Steve
I exchanged contracts today so now am looking for a swift rise rather than the drops tat have served me well. Yes I am a hypocrite!
Steve
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From: 32 cylinders and many cats
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 
God bless the bankers as they have saved the country I have a friend who has a few buy to let properties, some of his mortgages have dropped silly amounts!
Has your fixed rate expired??
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From: In a house
Is it because of
1) Rising unemployment
2) Falling real incomes
3) A deficit that needs to be dealt with thats larger than Greece's
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From: Dull White BMW
I never said I think it will rise, merely it would be nice if they did however, I am in full agreement with you that the market will remain subdued for awhile.
The house we have bought was a good buy otherwise I would have continued to rent - but renting is not ideal when you have a family.
Steve
The house we have bought was a good buy otherwise I would have continued to rent - but renting is not ideal when you have a family.
Steve
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From: Brecon
Scooby Regular
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From: K
riots, in Cambridge, I don't think so
you know the old saying
an overturned car in the river Cam is just student high jinks
an overturned car in Brixton road is a riot
but yes housing activity -- abd quite a bit of it
you know the old saying
an overturned car in the river Cam is just student high jinks
an overturned car in Brixton road is a riot
but yes housing activity -- abd quite a bit of it
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From: 32 cylinders and many cats
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And cheap money continues to prevail .!!!
Reported again that Interest Rates may well be kept this low ,well into next year !!!!!
Also house prices rose 9%,last 12 months upto March of this year .
Enjoy .
Reported again that Interest Rates may well be kept this low ,well into next year !!!!!
Also house prices rose 9%,last 12 months upto March of this year .
Enjoy .
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Yep ,but they need to knock the 40% CGT on the head before they even get started with that one .!!!!!
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Only seeing prices drop in my area, plus house sales that have fallen though.
Personally I think we're going to get our finances attacked from all sides for the next few years and if house prices rise in that situation then I'll eat my hat.
They need to cut the deficit/debt and we'll have to pay for that. You only have to look at what Spain and Greece are having to do to repay their debt.
Personally I think we're going to get our finances attacked from all sides for the next few years and if house prices rise in that situation then I'll eat my hat.
They need to cut the deficit/debt and we'll have to pay for that. You only have to look at what Spain and Greece are having to do to repay their debt.
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From: K
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From: Dull White BMW
Completed today.
We bought our new house for £100k less than it was originally advertised for. Now I 'm not naive enough to think that we have saved £100k rather than the house was originally well over priced.
However, I do think we got a bargain, all because we sold last year, lived in a rented house for 6 months so we were chain free buyers and could do the deal within a 4 week window from offer acceptance to completion.
It will be nice to settle down.
Steve
We bought our new house for £100k less than it was originally advertised for. Now I 'm not naive enough to think that we have saved £100k rather than the house was originally well over priced.
However, I do think we got a bargain, all because we sold last year, lived in a rented house for 6 months so we were chain free buyers and could do the deal within a 4 week window from offer acceptance to completion.
It will be nice to settle down.
Steve
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Completed today.
We bought our new house for £100k less than it was originally advertised for. Now I 'm not naive enough to think that we have saved £100k rather than the house was originally well over priced.
However, I do think we got a bargain, all because we sold last year, lived in a rented house for 6 months so we were chain free buyers and could do the deal within a 4 week window from offer acceptance to completion.
It will be nice to settle down.
Steve
We bought our new house for £100k less than it was originally advertised for. Now I 'm not naive enough to think that we have saved £100k rather than the house was originally well over priced.
However, I do think we got a bargain, all because we sold last year, lived in a rented house for 6 months so we were chain free buyers and could do the deal within a 4 week window from offer acceptance to completion.
It will be nice to settle down.
Steve
Nice one Son .
Its good to see someone get a good deal .
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From: Old Codgers Home
Mortgage approvals for April at their lowest levels for 10 years ...........
This could be the start of the proper downturn ... the last blip down was timid - maybe we are in for the correction which is needed of 30% falls?
This could be the start of the proper downturn ... the last blip down was timid - maybe we are in for the correction which is needed of 30% falls?
Scooby Regular
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Well with HIPS being suspended (should never have been introduced IMHO) we may see an influx of property coming onto the market .
This may have an effect on prices , if it gives buyers more choice .Not sure which way to call this one at the moment ,but I will keep you all informed .!!!!!
This may have an effect on prices , if it gives buyers more choice .Not sure which way to call this one at the moment ,but I will keep you all informed .!!!!!
Scooby Regular
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From: K
i've seen less flip flopping on Bondi Beach
30% drop is never gonna happen, Barrat homes are selling loads and Persimmon homes NE are selling on average 10 houses per week where as this time last year it was 3 per week. No matter how many times you wish for bigger falls it will never happen.
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Well its looking like i was correct .Interest rates on hold at .5% again this month and most " Experts ",saying they wont rise until at least next year .!!!
Also saw a local developement of Cheap houses putting a fresh sign up ,ontop of the old "prices from" sign ,which was increasing the prices by 6.5k !!!!!!
Also saw a local developement of Cheap houses putting a fresh sign up ,ontop of the old "prices from" sign ,which was increasing the prices by 6.5k !!!!!!
