We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
MSE News: Nationwide: House prices showed modest increase in May
Former_MSE_Helen
Posts: 2,382 Forumite
"Prices increased modestly by 0.3% month-on-month in May following a 0.3% drop in April, says Nationwide ..."
Read the full story:
Nationwide: House prices showed modest increase in May
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.
Nationwide: House prices showed modest increase in May
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.
0
Comments
-
Added to the jump in mortgage loan approvals in May, and we might just be starting to see the sleeping housing market starting to rouse from its slumber.
I would say that house prices in London will be up 5-8% YOY by Christmas.0 -
It's just one month up the trend is still down. This is the peak selling period, I still expect house prices to continue to fall this year and next. With all the wage freezes, high inflation and other costs there is no way the housing bubble will rise, far more likely fall.
There is a report saying London prices will fall 50% when Greece defaults. What ever happens in Greece, London has one of the biggest unsustainable housing bubbles going, it will get really messy as it pops.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0 -
business_man wrote: »Did I not say this?
http://forums.moneysavingexpert.com/showpost.php?p=53314141&postcount=5
I am not trying to be a fortune teller but I do have some knowledge in this field. I can tell you now by the sounds of it, we are expecting a flat lined June, there won't be any gain or drop, things will stay as they are with small negligible rise/fall.
thats right you are not a fortune teller, , hope you do advise with this knowledge, there is a big difference in a 2.4 % fall and a 0.3% rise
next year will show falls larger than the rises,
and yes i am on the housing ladder, but looking foward to some serious falls in prices too:T will just buy another,0 -
business_man wrote: »You are clearly living in cucoo land aren't you? We have more lenders seen since 2008 currently in BTL market and achieving 80% is pretty common at the minute? What does that tell you? They are confident about the market. 50% crash haha, there won't be any banks left to lend you to become a FTB.
More tiny BTL lenders where all the big ones have scaled back, I wonder why. These tiny lenders come and go. One of them Paragon went bust in the last recession, nearly went bust in this one and is unlikely to survive the double dipbusiness_man wrote: »For the matter, Greece has defaulted time and time again, did it bring 50% drop in London.
It hasn't officially defaulted yet, if it had you would of known about it. Give it 3 weeks. Spain is also imploding now.business_man wrote: »As it happens I have recently bought a £2m+ long term investment in London so I am pretty confident it will perform quite well.
So you could have a £1 million loss with these house price falls. You have to admit London house prices are completely unsustainable and going to properly pop at some moment.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0 -
Brit1234, your belief in some sort of mystical, oncoming crash is almost cult like. It's getting quite scary now :eek:Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
-
Turnbull2000 wrote: »Brit1234, your belief in some sort of mystical, oncoming crash is almost cult like. It's getting quite scary now :eek:
brit1234 is still posting that house prices will be down 50% from their previous peak of 2008, by Saturday 9th June:
https://forums.moneysavingexpert.com/discussion/962875=
:rotfl::rotfl::rotfl::rotfl::rotfl:
She also boasted on here last September about piling into gold and silver --- which are now at 12 month lows!!
:eek:
Suffice to say that brit1234's ramblings can safely be ignored.0 -
business_man wrote: »I believe brit1234 to be a struggling FTB who decides to scare people on a forum to counter balance the frustration caused by not being able to get a foothold on the property ladder.
Not struggling at all.
Not trying to scare people just risk aware. This is money saving expert after all not money losing expert.
See there are a few people on this site who have multiple accounts who try and ramp up property prices to protect their investments. They don't like it that prices have fallen and continue to fall. Thats why people like Nollag2006 try to abuse/stalk people on here who point out the economic argument, they don't like users to understand the issues.
The link below shows the LIBOR rate rising, which means mortgage rates will continue rising no matter how low bank interest.
http://www.bankrate.com/rates/interest-rates/libor.aspx
House prices will continue falling with the odd monthly hiccup.;):exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0 -
business_man wrote: »
For the matter, Greece has defaulted time and time again, did it bring 50% drop in London.
Greece has never defaulted. It should have of course but has always managed to borrow more from Europe to stave off not paying it's creditors. As long as it keeps getting bailed it will not default - the problem is that Europe(or rather Germany) only has so much money in the piggy bank and eventually Greece will have to be abondoned. When that happens all the financial institutions owned money by Greece will have to officially write it off and thus start the so called sh*t hitting the fan 'domino effect'. There is no way that any European economy will suffer lightly from this and prices will fall big time. If it was not for the record low base rates we WOULD have had 50% house price falls by now.0 -
Greece has never defaulted. It should have of course but has always managed to borrow more from Europe to stave off not paying it's creditors. As long as it keeps getting bailed it will not default - the problem is that Europe(or rather Germany) only has so much money in the piggy bank and eventually Greece will have to be abondoned. When that happens all the financial institutions owned money by Greece will have to officially write it off and thus start the so called sh*t hitting the fan 'domino effect'. There is no way that any European economy will suffer lightly from this and prices will fall big time. If it was not for the record low base rates we WOULD have had 50% house price falls by now.
That's also the big problem for Spain as well, they will go bust if not bailed out by the German tax payer. So far the German state says no and is likely to continue to say no. There is a real danger of a Spanish banking collapse either by bank run or some other demise.
Its a race to see who goes bust first Greece or Spain when that happens there will be massive shock waves and mortgage rates will go even higher.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0 -
If it was not for the record low base rates we WOULD have had 50% house price falls by now.
Maybe, maybe not. The government did all it could (and quite rightly continues to do so) to maintain the good health of the housing market.
The upside of all the eurozone turbulence for the UK, is the massive capital inflows which are pushing down the government's cost of borrowing and strengthening the Great British economy and housing market.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.8K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 245.9K Work, Benefits & Business
- 601.9K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards