Nationwide - up 0.9% MoM

Graham_Devon

Dan: wrote: »

You mean 'you' can't afford the house in the first place. Many people can, and indeed will. Mortgage approvals are on the increase as banks start to lend for more freely again.

I mean me and many other millions.

Don't pretend that the nation is full of people, who haven't already got a home, that can go out right now and buy.

ad9898_3

Kenny4315 wrote: »

Not really what you have been saying lately ..... :rotfl:

I did say only a couple of days ago Kenny that I expected a small increase, I can't find the post now, but ironically it was Dan who countered my thoughts with the fact that the recent stuff wouldn't be through yet.

JonnyBravo

Graham_Devon wrote: »

I mean me and many other millions.

Don't pretend that the nation is full of people, who haven't already got a home, that can go out right now and buy.

I agree, but equally don't pretend there are still as many people as there were 6 months ago who can't buy.
Clearly things are improving for some people and those people are starting to buy.

Edit: hmmm, after thinking perhaps there are more people who cant buy than there were 6 months ago cos of rising unemployment etc...... but what I think is clear is there are more people prepared/preparing to buy than a few months ago

Generali

Interesting that prices in Hackney are holding up. Olympics effect perhaps drawing investors in?

Apart from that, lots of boroughs are down 1/5th - 1/4r YoY.

StevieJ

That explains it, the bears must all live in London

Really2

StevieJ wrote: »

That explains it, the bears must all live in London

If they lived in the country they would have some lovley woods to do there business in and a reasonably priced house:)

chucknorris

Generali wrote: »

Interesting that prices in Hackney are holding up. Olympics effect perhaps drawing investors in?

Apart from that, lots of boroughs are down 1/5th - 1/4r YoY.

My wife has property in Hackney and prices have been falling recently to the point where we have started nose around but I suspect that they won't fall enough to get us interested. The East London line tube extension (due to be opened soon) means that the tube can be used to get to Liverpool st and canary wharf

mitchaa

Just for interest...

Nationwide House Price Data...

Peak - Oct 2007 @ £186,044
Now - Mar 2009 @ £150,501

19.1% down over 17 months averaging 1.12% per month


Halifax House Price Data...

Peak - Aug 2007 @ £199,770
Now - Feb 2009 @ £160,327

19.7% down over 18 months averaging 1.1% per month



Indexes are fairly close then, although we are waiting for Halifax's March figures.

StevieJ

Really2 wrote: »

If they lived in the country they would have some lovley woods to do there business in and a reasonably priced house:)

That begs that age old question 'Do bears !!!! in the woods'

Sir_Humphrey

chucknorris wrote: »

My wife has property in Hackney and prices have been falling recently to the point where we have started nose around but I suspect that they won't fall enough to get us interested. The East London line tube extension (due to be opened soon) means that the tube can be used to get to Liverpool st and canary wharf

I am sure you are aware that no Underground is going to Hackney. The line is being converted into a London Overground commuter rail route.