MSE news: Nationwide reports largest house price rise for over two years

Dan:_4

Kreator wrote: »

Not so everywhere though, my nephew bought in March, and the exact same house has come on the market accross the road for 12k less and will probably go for 5k less than that, so he seems to have lost 17k by buying then......he's gutted.

Is he planning to sell then? If not, then he has not lost a bean.

Valerius

Dan: wrote: »

It's all tears over at HPC.co.uk this morning.

:rotfl:

Tears? More denial like...

Figures are being manipulated, it is a nationalized banks and as a government controlled bank, any rise is just propaganda before the election etc.....

Funny none of these comments were made during 2008

Dan:_4

Valerius wrote: »

Tears? More denial like...

Figures are being manipulated, it is a nationalized banks and as a government controlled bank, any rise is just propaganda before the election etc.....

Funny none of these comments were made during 2008

Oh yes, sorry, I forgot that Nationwide is not a creditable source when it shows a positive.

abaxas

House prices up!

That's a few more people who will opt out of life and become chavs. Why bother working for your future, when you dont have one.

StevieJ

baileysbattlebus wrote: »

I find it quite surprising how much money FTB's are able to put down as a deposit too.

Here is a chart of the average deposit - going back to 1988 - the FTB's deposit has been steadily growing (apart from the odd blip) - I was quite surprised at that too - as I used to think FTB's struggled to find 5 or 10%.

http://www.communities.gov.uk/documents/housing/xls/chart540.xls

Edit: Just read Hamish's post on quoting the Bank of Mum and Dad.

I thought they were all getting 120% mortgages pre 2008 now that is one of the more interesting charts posted here.
BTW, the Nationwide being more southern based appears to be showing a growing north south divide in house prices, although even northern prices re Halifax are not doing that badly.
So in 2003 when HPC.co.uk were calling houses overpriced, FTBers were coughing up a 23% deposit :eek:

Really2

Dan: wrote: »

I am now more convinced then ever that we have passed the bottom. Sure, it is highly likely we will see some falls during the winter months, but I now predict that prices will not fall below the February 2009 figure, as you can see in my new signature.

I think you may be right now Dan, it is going to be difficult for the winter drop to out pace the gains of this year.

Leaving the nominal bottom winter/spring 2009. (or august 2008:))

halight

:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T

Well i was right on the money there:j:j:j:j:j:j:j:j:j
:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T



Right glote over,
Welkl done to the others that got it right too.

I dont think that we will carry on seeing a rise in house prices for much longer. Some more drops on the way.
And prices stangnent for a couple of years TBO.

halight

Dan: wrote: »

I am now more convinced then ever that we have passed the bottom. Sure, it is highly likely we will see some falls during the winter months, but I now predict that prices will not fall below the February 2009 figure, as you can see in my new signature.

Im with you dan we have hit the bottem and boused back up.
More falls on the way and it will be a bit up and down month on month for a good couple of years.

Really2

halight wrote: »

Im with you dan we have hit the bottem and boused back up.
More falls on the way and it will be a bit up and down month on month for a good couple of years.

I think this is what most of the "bulls" predicted. But to tell you the truth it looks like the nominal bottom was reached before many of us thought it would.
I was in the -25% - -35% camp.

chucknorris

Really2 wrote: »

I think this is what most of the "bulls" predicted. But to tell you the truth it looks like the nominal bottom was reached before many of us thought it would.
I was in the -25% - -35% camp.

I predicted 35-40%, but I am very happy to be wrong, I don't think we will see any real recovery for a few years yet and prices may well dip this autumn/winter (but I would be happy to be proved wrong again)