Nationwide Sept house price survey due Oct 2

FungusFighter

pickles110564 wrote: »

chucky, you must remember that Graham,Mewbie,Brit & Carolt etc think that they are having a nightmare and when they wake up all their doom and gloom will come true.
They were all so confident that havoc was going to spread through the property market and the fools that bought before were in serious trouble.
They were wringing their hands in delight.
However, in reality their 50% Crash never happened and all that bad luck they wished on normal familes thank god just disappeared in smoke just like their pipe dreams.
Brit changed his signature strip but would never answer why and admit he was wrong.
They try to spin their way out of the continual good news that is appearing and will start slinging insults to deflect peoples eyes from this good news.
Shed a tear for them.

Aww, Pickles mate, why so down? Still not sold the[STRIKE] bedsit[/STRIKE] property empire?

I got a top tip for you mate, it will sell in no time - paint it magnolia and put some lanimate flooring down, peeps love that

nearlynew

The figures, statistics and charts can all take a jump as far as I am concerned.

The fact is there is no money available to support higher prices.

Houses will be cheaper this time next year than they are now.

100% guaranteed.

HAMISH_MCTAVISH

:rolleyes:

Demanufacture wrote: »

But in reality for the majority of the country this was untrue, however 95%+ of people only hear or see a headline, and therefore are hoodwinked into believing prices are rising when in most of the country they are not. I'm sure Nationwide & Halifax are the same.

A little bit of proof of this is in the areas I look at, like for like, houses are selling for less than this time last year.

Actually, the latest RICS survey showed that the majority of areas in the country had rising prices.

For the first time this year.

But other than those annoying little facts getting in the way, your theory sounds great.

HAMISH_MCTAVISH

Demanufacture wrote: »

Not what I'm seeing, also RICS are only one step away from asking an EA the same thing, best to trust your own eyes on a given issue rather than someone whose job depends on giving certain information.

Ah yes, anecdotal tales and ad hominem attacks on sources to try and discredit/distract.

How droll.:rolleyes:

So you had no objection to the RICS surveys when they showed more surveyors showing falls than rises for over a year?

But now that the situation has reversed, and the majority of areas in the country show price rises, they are biased?:rotfl:

Alrighty then.....

IveSeenTheLight

Demanufacture wrote: »

but when they hit the LR site like for like property is either stagnating or heading down.

Can't really argue with the real world figures.

It's really a little too early to see the impact using the LR data.
Because of the lag, they are only just showing the rises seen on other indices from Feb.
It's quite likely that over the next few months we could see these indices fall while the LR continues to rise.

I do agree though, that in general over the course of a year, we are stagnating

blunt_crayon

Demanufacture wrote: »

when they hit the LR site like for like property is either stagnating or heading down.

Last LR report actually showed growth in all regions (not counties).

"The London data for July mirrors that of England and Wales as a whole."

or see p5. http://www1.landregistry.gov.uk/assets/library/documents/hpi_0908.pdf

crusty_toenail

Well in Northern Ireland we havent had price rises in either of the Nationwide or Halifax figures since the crash Spring 2007.

House prices are still falling here and there is no bottom in sight.

I would predict we will see yet another fall in these coming figures.

This is great news for those wanting to buy for the first time, or those wanting to buy a bigger house as less money is needed to make the jump up.

I predict house prices to continue a descent for the next 2 years and beyond.
All good!!!

IveSeenTheLight

crusty_toenail wrote: »

Well in Northern Ireland we havent had price rises in either of the Nationwide or Halifax figures since the crash Spring 2007.

House prices are still falling here and there is no bottom in sight.

I would predict we will see yet another fall in these coming figures.

This is great news for those wanting to buy for the first time, or those wanting to buy a bigger house as less money is needed to make the jump up.

I predict house prices to continue a descent for the next 2 years and beyond.
All good!!!

Not sure where to go for the official NI house price figures, but I found this interesting report from the University of Ulster on NI property you might find interesting

http://www.propertynews.com/documents/515/boiq2-2009-house-price-index.pdf

Very interesting advert at the end