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Debate House Prices


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FT: House prices to start rising steadily as soon as October

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Comments

  • the_ash_and_the_oak
    the_ash_and_the_oak Posts: 1,636 Forumite
    wonder if rising prices in next few months will allow us to put interest rates back somewhere reasonable
    Prefer girls to money
  • Cat695
    Cat695 Posts: 3,647 Forumite
    Interest rates aren't going anywhere till AFTER the election....if Labour do they know they will be out (not like it will make a change anyway).
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cat695 wrote: »
    Interest rates aren't going anywhere till AFTER the election....if Labour do they know they will be out (not like it will make a change anyway).

    Rates will rise as the BOE attempts to control inflation........
  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    Thrugelmir wrote: »
    Rates will rise as the BOE attempts to control inflation........


    Comedian...
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Rates will rise as the BOE attempts to control inflation........

    We only have 3.2% 0r 0.15 with the £ at record lows(well in recent times).

    where will the inflation come from.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Really2 wrote: »
    We only have 3.2% 0r 0.15 with the £ at record lows(well in recent times).

    where will the inflation come from.

    Inflation will be externally driven.

    OPEC is attempting to drive crude oil prices up to $60 PB by the end of the year.
    Food prices are rising.
    The exchange rate will improve as UK interest rates rise to attract buyers to fund the PSBR.
  • the_ash_and_the_oak
    the_ash_and_the_oak Posts: 1,636 Forumite
    Cat695 wrote: »
    Interest rates aren't going anywhere till AFTER the election....if Labour do they know they will be out (not like it will make a change anyway).

    tbf its not like house prices are going to be rising before any election either
    Prefer girls to money
  • System
    System Posts: 178,377 Community Admin
    10,000 Posts Photogenic Name Dropper
    Thrugelmir wrote: »
    Inflation will be externally driven.

    OPEC is attempting to drive crude oil prices up to $60 PB by the end of the year.
    Food prices are rising.

    Unless I'm mistaken the IR has no effect on those (the 2nd being largely resultant on the first)
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • sickofusernames
    sickofusernames Posts: 303 Forumite
    Bullshine - how can anyone put a date on something which has too many variables and don't worry about house prices, worry about your job and excessive living inflation which will keep on rising unless interest rates rise.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Joeskeppi wrote: »
    Unless I'm mistaken the IR has no effect on those (the 2nd being largely resultant on the first)

    The value of the pound will have an impact on both which is tied to interest rates.

    You need pretty violent moves in the FX market to make a big difference though.
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