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MSE News: House prices up at fastest rate in three years, Nationwide says
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Former_MSE_Helen
Posts: 2,382 Forumite
"House prices recorded their biggest annual uprising since August 2010 last month, says Nationwide..."
Read the full story:
House prices up at fastest rate in three years, Nationwide says
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House prices up at fastest rate in three years, Nationwide says
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.
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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May I be the first to say, "Don't miss the boat!"
(I certainly won't be the last! :rotfl:)0 -
Without actually reading it, I would guess still seriously skewed by the Central London boom.
I've just bought a flat in town outside the M25 but well with the London commute zone and the price that I paid is the same as they were selling for: last year, the year before that, the year before that and the year before when they were new.
There are currently 5 on the complex for sale, 4 of them new releases and the EA's have tried to push the price up 10% (presumably because the market is booming!), but there's one that been for sale since the beginning of the year, that they've just reduced below the price that I paid (rats!).
I confidently predict that the ones for sale at the higher price will not reach the prices being asked and they will sell for the same as I paid.
So, no boom here.
tim0 -
Ten year cycle.
2012 was bottom. Starts rising 2013, boom in 2007, burst in 2018.
1992 all over again.0 -
I warned last year the the market will gather momentum this summer. A significant upswing in prices was on the cards. And here we go...
For those sitting on the sidelines, this is possibly your last opportunity before we experience a major price adjustment based on ultra-low base rates and relentless government support.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: »I warned last year the the market will gather momentum this summer. A significant upswing in prices was on the cards. And here we go...
For those sitting on the sidelines, this is possibly your last opportunity before we experience a major price adjustment based on ultra-low base rates and relentless government support.
before the crash, you mean
tim0 -
This is more a sign of how flat house prices have been over the past 3 years than a sign of a boom.0
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I read somewhere that house prices are going to really rise in 2014.0
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House prices still "heavily undervalued" says top economist.
https://forums.moneysavingexpert.com/discussion/4731133“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 -
That's all we need, isn't it? A government-created housing bubble which is going to help nobody but itself.
House prices rise (pushing yet more people out of the market), homeowners feel good about their wealth and imagine that the government's not quite as bad as they thought it was. So they conside Conservative again as a voting option.
Then the bubble bursts (but after the election in 2015).
House price rises help nobody but people selling up and pulling out of the market altogether, or trading down. Anybody trading up or staying the same gains nothing. All smoke and mirrors created by governments to get votes.0 -
Turnbull2000 wrote: »For those sitting on the sidelines, this is possibly your last opportunity before we experience a major price adjustment based on ultra-low base rates and relentless government support.
Didn't take long!
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