Nationwide Tomorrow what do we think.

HAMISH_MCTAVISH

Up more than 1%

wolvoman wrote: »

So you say there isn't enougjh money to support 2007 prices - I agree.

But perhaps there is enough money to support 2009 prices (and is being backed up in the figures).

I think that's pretty obvious. There is enough money to support 2009 prices. In fairness, if transaction numbers stay this low, there's probably enough money to support further rises as well.

homehunter

Pete111 wrote: »

If it is a bull trap (and I'm not saying it isn't!) It's starting to turn into a biggie....

On the source of money front, I have a mate who is a conveyancing lawyer. He tells me that at present there appear to be a far higher % of cash buyers than in years gone by who are looking at property with money that would otherwise have gone into shares/savings products in more lucrative times. Banks may not be lending but plenty of people (in the south anyway) still have cash to invest and property is still seen as a a good long term bet.

Either way I guess FTBs are screwed....glad I'm not one.

P

Thanks muchly Pete111 - I'm an FTB and will be very pleased if all goes well with my new purchase! After much research, I feel it was realistically priced - it was put on market at a lower price than what it was valued at, and we offered/were accepted at less than that. We've been able to jump up a couple of rungs (purchasing a 3 bed detached to 'grow into') thanks to saving hard and holding out for some price drops and we can comfortably afford the repayments. Fixed for 5 years for security. No stamp duty. We got tired of renting and lining some landlord's pockets. Why not buy? Buying property at any time is a gamble. All we can do is make sure we can afford it and put down as big a deposit as possible.

I do love these threads, great debate.

Thrugelmir

Up more than 1%

Over 1%. Shortage of quality housing has driven up prices in the peak months of the year, with people looking for homes in good catchment areas, for the start of the new school year being a major influence. Particularly as private school education is too expensive for many to afford.

dfh

Down more than 1%

When will this obsession with HPI end? This is going to destroy our once great country.

phil_b_2

I think up for sure, don't know how much by though.

Confidence in market recovery is still rallying, so I can't imageine people will have been taking low offers over the last few weeks. I've actually seen prices going UP a bit on property bee and not much of anything new coming to the market in my area.

They will of course drop again at some point soon!

PasturesNew

Down 0%-0.5%

Down... just because somebody had to choose it.

HAMISH_MCTAVISH

Up more than 1%

+ 1.6% in August.

Now up 9.1% this year.

Up for 7 months in a row.

:beer:

dfh

Down more than 1%

Wait till interest rates go up.Then we shall see how much prices go up.MCclown has ruined this country.bring back maggie.

Degenerate

Up 0%-0.5%

dfh wrote: »

Wait till interest rates go up.Then we shall see how much prices go up.MCclown has ruined this country.bring back maggie.

Never had any HPI under Maggie, eh?

Heyman_2

Up 0.5%-1%

dfh wrote: »

Wait till interest rates go up.Then we shall see how much prices go up.

You might be waiting a while -

http://www.bankingtimes.co.uk/20082009-interest-rates-to-lie-low-for-years/

'Britain could face years of historically low interest rates, according to Standard Chartered’s chief economist.

In an interview with The Guardian, Gerard Lyons argues that an expansion of the quantitative easing programme, which is aimed at getting banks to lend more, could see the Bank of England’s base rate stuck at 0.5% for another four years.'



:T

dfh wrote: »

bring back maggie.

:rotfl: