House prices rising in more than half of Britain

Spiv_2

House prices rising in more than half of Britain


"House prices rose in more than half of the country during April, according to official Land Registry data, which suggests thIn six of the ten areas of England and Wales average house prices during April increased, with London prices climbing by about £4,200 during the month to £302,411.e worst of the property crash may be over."

http://www.telegraph.co.uk/finance/economics/houseprices/5423025/House-prices-rising-in-more-than-half-of-Britain.html

The Telegraph's getting bullish:eek:

mewbie_2

Here's the later part of the article... I've bolded the only bits you need to read.

...
Howard Archer, chief UK economist at IHS Global Insight, said: "We remain highly sceptical that house prices have bottomed out. Significantly, it is not uncommon for there to be months of rising prices when house prices are still trending down.
"Housing market activity remains very low by past norms and our expectation is that the pick up in activity will be both gradual and fitful for an extended period given still very poor economic fundamentals and relatively tight credit conditions."
Many warn that unemployment, expected even by optimists to rise substantially in the coming months, will cause many home owners to sell their houses in a hurry – pushing down prices yet further"

Degenerate

mewbie wrote: »

Here's the later part of the article... I've bolded the only bits you need to read.

...
Howard Archer, chief UK economist at IHS Global Insight, said:

The hard facts from the Land Registry carry about a billion times the weight of yet another economic pundit.

mewbie_2

Degenerate wrote: »

The hard facts from the Land Registry carry about a billion times the weight of yet another economic pundit.

Indeed, if you are so mind numbingly anal that you need to know exactly what happened two months ago. I would prefer to have an idea what might happen in the future as that's where some of us are heading.

Dan:_4

mewbie wrote: »

Indeed, if you are so mind numbingly anal that you need to know exactly what happened two months ago. I would prefer to have an idea what might happen in the future as that's where some of us are heading.

The future is not written yet, anything can happen - the best you can do is have a guess like everyone else.

ruggedtoast

Spiv wrote: »

House prices rising in more than half of Britain


"House prices rose in more than half of the country during April, according to official Land Registry data, which suggests thIn six of the ten areas of England and Wales average house prices during April increased, with London prices climbing by about £4,200 during the month to £302,411.e worst of the property crash may be over."

http://www.telegraph.co.uk/finance/economics/houseprices/5423025/House-prices-rising-in-more-than-half-of-Britain.html

The Telegraph's getting bullish:eek:

Is this your MO then; spamming the board with articles from anywhere in the internet that shows rising prices, but only cut and pasting the parts you agree with?

I wonder how many people trying to "talk up the market" on this part of the board realise theyre reaching a readership so small that it would make a tiny local newspaper look like the New York Times.

As all this part of MSE seems to be now is personal bickering and people with weird strident opinions that they prosecute over numerous sock accounts.

Deduct one reader.

nearlynew

Could someboody please explain to me (in simple language because i'm a bit stupid) why high house prices are a good thing.

mewbie_2

nearlynew wrote: »

Could someboody please explain to me (in simple language because i'm a bit stupid) why high house prices are a good thing.

Because then the bulls on here won't look so stupid.

Spiv_2

ruggedtoast wrote: »

Is this your MO then; spamming the board with articles from anywhere in the internet that shows rising prices, but only cut and pasting the parts you agree with?

I wonder how many people trying to "talk up the market" on this part of the board realise theyre reaching a readership so small that it would make a tiny local newspaper look like the New York Times.

As all this part of MSE seems to be now is personal bickering and people with weird strident opinions that they prosecute over numerous sock accounts.

Deduct one reader.

Just interested in posters' opinions - not really interested in bickering. There's plenty of D & G on this board so it's refreshing to read the opinions' of posters who are more bullish. Nothing wrong with that is there?

mewbie_2

Spiv wrote: »

Just interested in posters' opinions - not really interested in bickering. There's plenty of D & G on this board so it's refreshing to read the opinions' of posters who are more bullish. Nothing wrong with that is there?

D&G -Dolce&Gabbana?

Spiv_2

mewbie wrote: »

D&G -Dolce&Gabbana?

There's loads of jokes there but I doubt they'd get passed the the censor:cool: