***House prices up 1.2% in May***

JonnyBravo

ad9898 wrote: »

Having said that I'm still to see any price rises on Rightmove, and certainly no sales from house that have had their prices put up, but hey, the figures say they are up, so somewhere in the country, they indeed must be up.

Why on earth are you expecting to see houses being put up in price on Rightmove??? It has nothing to do with it as you know.... (well I presume you know, cos youre one of the more intelligent posters around here.)

ad9898_3

I think these figures, whether they are up or down need to be taken with a pinch of salt, the transactions are very low as we all know, the wider picture of the economy is more important, and still very bleak, if unemployment was falling, we had little public debt, GDP was on the up and interest rates were say at 8% and were falling back, then we would have the perfect conditions for not only house price stability but increases in prices accross the board.

These indicators though are all exactly the opposite, so in reality even though we are bound to have upticks (in the last crash, in the 84 month period, 24 months showed a rise in prices), the trend will still be down until these economic factors reverse, how long will that be ?, a fair while yet.

ruggedtoast

I cant think of one time in history where property prices have been flat. Theyre either going up or down imo.

Dan:_4

Sig Updated

lostinrates

whathavewedone wrote: »

Unless labour get in at the next election of course in which case god knows what will happen to the economy...

Al those who say the FTB's here just want prices to drop for them, here ye this: I don't care if I could by Mayfair, Park Lane, or indeed any other colour thn Indigo on a Monopoly board: I think we need good government more than I would like to buy cheaply.

Yakubu22

skap7309 wrote: »

Does anyone actually care about monthly figures anymore? Everyone, bar estate agents, knows house prices are very much downward for a looooong time.

Exactly right...who cares if one lender says prices are up 1% for the 2 weeks of the month they monitor? The true picture is that we are in a major depression with a YOY fall of something much bigger

ad9898_3

Dan: wrote: »

Sig Updated

Hey up Dan, I have to goto work in a min, but thought I'd come on for a bit of a bruising.:D

Thrugelmir

setmefree2 wrote: »

Only to take the place of credit that has been sucked out of the market by the credit crunch. The credit that has gone is greater than the money being printed surely?

The "credit" has been borrowed and now the long process of paying it back has commenced.

System

When are the Halifax figures due?

ad9898_3

Joeskeppi wrote: »

When are the Halifax figures due?

Sometime before the 9th of June, but dont expect them until at least this time next week.