House prices rising in more than half of Britain

Cat695

lostinrates wrote: »

Whoohooo....you're back! And safe.

Ooooh someone remembers me thank you LIR :D

Cat695

nickj wrote: »

will it all come to an end when interest rates start to rise ?

as someone pointed out on another thread.....that will be Phase 2.....just look back at the last time.....8 years it took before they fully recovered....why should this be any different?? people are even more in debt this time.

Thrugelmir

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 if they fall rapidly it will cause panic amongst the populace who will react like lemmings........... A more gradual decline is in everyones interest.

macaque_2

Thrugelmir wrote: »

Because if they fall rapidly it will cause panic amongst the populace who will react like lemmings........... A more gradual decline is in everyones interest.

Do you feel that you answered nearlynew's question or would you like to have another crack at it?

Thrugelmir

macaque wrote: »

Do you feel that you answered nearlynew's question or would you like to have another crack at it?

No I don't. Too late to make a reasoned response.

CluelessJock

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:

Any measure of house prices in a distorted market will, by definition, give distorted results. So above article means little, so don't read anything in to it.