prices still falling but activity increasing.

Really2

mbga9pgf wrote: »

Not public sector as such... and my trade is currently 50% undermanned.

Honest banker.

Dont keep us all in suspense non of are going to up sticks and change jobs.
Your not a training Energy Surveyer are you?

mewbie_2

prices still falling but activity increasing

We're all saved!!!

Really2

mewbie wrote: »

prices still falling but activity increasing

We're all saved!!!

No I read on here every day "Prices are falling until I buy a house, you are all doomed"

You should know that by now.;)

mbga9pgf

Debt Statistics / January 2009 (Download as PDF)

Striking Numbers

£154m

daily increase in UK debt
£59,670

average household debt
£252m

amount of interest paid in the UK daily
124

properties repossessed daily
1,490 people

unemployed every day 1 person every 4.8 minutes

declared bankrupt or insolvent
£100

average daily decrease in house prices since December 2007

Total UK personal debt

Total UK personal debt at the end of November 2008 stood at £1,456bn. This has slowed further to 4.1% in the last 12 months which equates to an increase of ~ £56bn.
Personal debt has forged ahead of UK GDP which, according to latest available data, currently stands at £1,410bn having increased by 5.1% over the past year.
Total secured lending on dwellings at the end of November 2008 stood at £1,222bn. This has slowed further to 3.9% in the last 12 months.
Total consumer credit lending to individuals at the end of November 2008 was £234bn. This has continued to slow to 5.2% in the last 12 months.
Total lending in November 2008 grew by £1.5bn; secured lending grew by £0.7bn in the month; consumer credit lending grew by £0.8bn.
Average household debt in the UK is ~ £9,600 (excluding mortgages). This figure increases to £21,875 if the average is based on the number of households who actually have some form of unsecured loan.
Average household debt in the UK is ~ £59,670 (including mortgages).
Average owed by every UK adult is ~ £30,420 (including mortgages).
Average outstanding mortgage for the 11.7m households who currently have mortgages now stands at ~ £104,058.
Britain's interest repayments on personal debt have soared to £92.1bn in the last 12months. The average interest paid by each household on their total debt is approximately £3,774 each year.
Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,893 per average UK adult at the end of November 2008.
During 2008 Britain's personal debt has increased by ~ £1 million every 10 minutes

http://www.creditaction.org.uk/january-2009.html

we havent even started paying down the debt yet and we are screwed.

Want to factor this in?

Really2

mbga9pgf wrote: »

http://www.creditaction.org.uk/january-2009.html

we havent even started paying down the debt yet and we are screwed.

Want to factor this in?
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They f'ed their figures up on repos look at the article
"124 properties were repossessed every day during the last 3 months to end September 2008. The Council of Mortgage lenders estimates this will increase to approximately 205 (65% increase) a day in 2009. "

I thought they looked a bit high. Great to see a credit group have problems with figures.

Your right we are screwed;)

ShelleyC_2

I think lots of the increased activity on Rightmove are people being nosey - lets face it the credit crunch and endless media gloom has made everyone obsessed by house prices.

My Mum & Dad are retired in a lovely mortgage free house somewhere their happy to live until they can no longer can (hopefully many years hence) Yet she still wanted to do searches on rightmove to find out what all the houses round them were on for & if they were dropping