House prices are close to affordable levels, reveals survey... BUY!! BUY!!! BUY!!!

IveSeenTheLight

Realy wrote: »

Try this then it should settle any arguments.

http://www.acadametrics.co.uk/StatisticalHPC.php?PHPSESSID=37aec156a1e734e1f0c4bb4be1227142

Its not bad I just tried it, we sold ours in July and it was £10K below our sale price so not far out at all.

I recently found http://www.zoopla.co.uk/ which I found generally was also also in the ball park although also found to be on the downside slightly.

They use previous sold prices for areas and regional percentage increases / dereases.
They also estimate the rent price, although I know these are low when compared to my two properties even though I am lower than the market rate.

hethmar

I think Zooplas figures for estimated house values are way out. Ive actually contacted them on their feedback there saying so.

Realy

hethmar wrote: »

I think Zooplas figures for estimated house values are way out. Ive actually contacted them on their feedback there saying so.

Try the one i posted I only googled it today but it seems reasonable.

hethmar

I may be using the wrong thing on there. But I looked up the sold price for a new build 2 years back on there, did a calculation for todays value and it came out about 20% higher than the original price (in fact on sale for much lower price at mo)

IveSeenTheLight

hethmar wrote: »

I think Zooplas figures for estimated house values are way out. Ive actually contacted them on their feedback there saying so.

I agree, the rents I've seen are way out, but some of the property I checked was quite close.

I think it depends on when the property last sold.

On saying that, I've also seen two identical properties, next door to each other with vast estimates. Again I believe this is because one recently sold and the other is 12+ years ago.

Realy

hethmar wrote: »

I may be using the wrong thing on there. But I looked up the sold price for a new build 2 years back on there, did a calculation for todays value and it came out about 20% higher than the original price (in fact on sale for much lower price at mo)

It's just an estimate calulator, but I should imagine off LR figures so will be out on a new build as you pay usualy a 10% premium for new build anyway.

ess0two

carolt wrote: »

Lovely.

Can't wait to hear how the price has fared!

Do make sure you come back and tell us the full unexpurgated figures, won't you?

Good boy.

I wont bore you with figures but 25% LTV,the only thing that could bother me is if the sun failed to rise.
I should be afforded cult status here,sold high and bought low,i can understand your bitterness though, i was once at gutter level.

Cat695

ess0two wrote: »

I wont bore you with figures but 25% LTV,the only thing that could bother me is if the sun failed to rise.
I should be afforded cult status here,sold high and bought low,i can understand your bitterness though, i was once at gutter level.

But you still bought when the prices are high so you've wasted more of your own money!

hethmar

I dont understand some of the bitterness on the board re house prices. Im neutral here and Id just like to get an understanding of what is happening/why etc (as I watch our retirement fund fade). and obviously there are some experienced people to try to explain that. Please dont turn it into a fight so often.

Conrad

Hethmar, I agree, what we need is considered impartial debate but some exhibit a classic traite well know to psychologists;
"the prover proves what the thinker thinks"