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MSE News: Halifax: House prices rose in March
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"First-time buyers rushing to jump on the property ladder before the end of a stamp duty holiday helped prices rise"
"First-time buyers rushing to jump on the property ladder before the end of a stamp duty holiday helped prices rise"
Read the full story:
Halifax: House prices rose in March
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
Halifax: House prices rose in March
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
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Comments
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I think the stamp duty distortions will affect next month upwards as well due to the delay in the figures. The funny thing is all these people rushing to beat the stamp duty deadline and most likely over paid on mousing more than they saved on stamp duty.
However May figures will be the start of the big falls in house prices. This should be led by big falls in the London market with the closure of the stamp duty loop holes for foreign buyers and the higher rates. Then you have rising mortgage rates and falling numbers of mortgage products. Finally you have very overvalued property that was bought with interest only and self cert/liar loans which are now being phased out completely.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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I think the stamp duty distortions will affect next month upwards as well due to the delay in the figures. The funny thing is all these people rushing to beat the stamp duty deadline and most likely over paid on mousing more than they saved on stamp duty.
No, sellers pay the cost of stamp duty rises so they would have lost out rather than buyers. Increasing the rate of stamp duty does not affect your physical house or land, or the total amount that a buyer is willing to spend, so it just means the price you get is lower.0 -
May figures will be the start of the big falls in house prices. .
You've been saying that every month for the last 3 years Brit.
Need I remind you of your now infamous "50% falls by Xmas 2009" prediction? That you made in early 2009.
Whereas what happened in reality was this.....
Mar 2009 = £157,066
Mar 2012 = £163,419
And of course, mortgage holders got to take advantage of the lowest rates in history, while rents soared to new record highs.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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