Debate House Prices


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MSE news: House prices rise marginally, says Land Registry

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  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    michaels wrote: »
    Even more so on the BBC who are reporting a 1% rise!
    http://news.bbc.co.uk/1/hi/business/8172097.stm

    "House prices in England and Wales have risen month-on-month for the first time since January 2008, according to the Land Registry.The 1% rise in June compared with May brought the value of the average home to £153,046, the survey found."

    They quickly changed it........
  • blunt_crayon
    blunt_crayon Posts: 168 Forumite
    edited 28 July 2009 at 12:03PM
    inspector_monkfish wrote: »
    11:15 28Jul09 Land Registry says UK house prices rose 0.1% in June

    (07/28) The 0.1% rise is the first positive monthly change since 2008,
    according to the Land Registry, but it says that rather than signifying
    solid growth, it is more a reflection of "flattening prices."

    Talk about stating the obvious...! The first increase in about 18 months and it's a mighty 0.1%... how could anyone see that as solid growth??

    ...actually, don't answer that :o
    plus ça change........
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    A measly 0.1% in the middle of the 'spring bounce' is pathetic really. You can just imagine the substantial falls we can expect in the cold winter months ahead of us. BEWARE THE BULL TRAP.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    Average
    price:
    £153,046
    spacer.gifMonthly
    change:
    0.1%
    spacer.gifAnnual
    change:
    -14.0%
    OFFICIAL

    HOUSE PRICES UP £153!!!!!!
    Not Again
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Start of the Spring bounce for the L.R. icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • System
    System Posts: 178,348 Community Admin
    10,000 Posts Photogenic Name Dropper
    StevieJ wrote: »
    Start of the Spring bounce for the L.R. icon7.gif

    I expect the LR figure to become "laggy and unreliable" from this point onwards, relegated from "the only one worth checking".
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    It appears to be London thats at the vanguard of the price resurgence, with Hackney leading the charge.

    Yeeehaaaaw. Hackney

    what

    a

    joke
  • inspector_monkfish
    inspector_monkfish Posts: 9,276 Forumite
    ruggedtoast wrote: »
    It appears to be London thats at the vanguard of the price resurgence, with Hackney leading the charge.

    Yeeehaaaaw. Hackney

    what

    a

    joke


    prob got something to do with Olympics 2012 :confused:
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • michaels
    michaels Posts: 29,113 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Its only agents and only anecdotal but in Feb I was advised I might get 250, in may 275 was thought likely and now 300k might be possible - I know it is a local thing but prices are moving in some areas. I am becoming more and more in the camp of bull trap but that doesn't mean it is not happening in some areas.
    I think....
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    inspector_monkfish wrote: »
    prob got something to do with Olympics 2012 :confused:

    Could be. If they bulldozed the entire borough of Hackney and built a huge souvenir stall on it that would probably improve land values of the surrounding areas too.

    i.e. no more "its a bit close to Hackney isnt it" anxiety.
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