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Rightmove October +2.8%, London records biggest ever indice rise at 6.5%
Comments
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Amazing. Can this be sustained? I still have my doubts but you never know.
That all depends on your view of where the economy is going. If you think that the underlying economic crisis has been resolved and its back to business as usual then house prices are due to rise for ever more (and never decrease).
If on the other hand you think there are still major unresolved problems there is still a long way down still to go, despite the recent "green shoots".0 -
From the release:
Amazing. Can this be sustained? I still have my doubts but you never know.
sustainable and not falling are two different things completely.
saying it is not sustainable does not mean that they are going to fall 50%.
my view is that it will probably mean that prices range between +5% and -5% for a few years..0 -
That all depends on your view of where the economy is going. If you think that the underlying economic crisis has been resolved and its back to business as usual then house prices are due to rise for ever more (and never decrease).
If on the other hand you think there are still major unresolved problems there is still a long way down still to go, despite the recent "green shoots".
Strange but I personally have never read any posts on this board that may point to this conclusion (not even from Hamish )
'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 Thatcher0 -
Personally speaking, I think that this 'report' is bad news for anyone hoping/wanting to see a sustainable recovery in the short to medium term.'In nature, there are neither rewards nor punishments - there are Consequences.'0
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Personally speaking, I think that this 'report' is bad news for anyone hoping/wanting to see a sustainable recovery in the short to medium term.
Not really, I think the eventual outcome will be dilluted, e.g. I think self certs will not be done away with but require some proof of income.'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 Thatcher0 -
HAMISH_MCTAVISH wrote: »Rightmove October +2.8%, London records biggest ever indice rise at 6.5%
Thats huge....
And whilst it's not indicative of achieved prices, it is a good barometer of sentiment in the market.
http://www.youtube.com/watch?v=QjO0rQMbEo00 -
Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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sustainable and not falling are two different things completely.
saying it is not sustainable does not mean that they are going to fall 50%.
my view is that it will probably mean that prices range between +5% and -5% for a few years..
Really? London (asking) prices higher than they've ever been in the face of a banking crisis and a recession?
Anything's possible I guess.0 -
Not really, I think the eventual outcome will be dilluted, e.g. I think self certs will not be done away with but require some proof of income.
What I understand is that the mortgage lenders will not be able to claim losses against defaulters if they had not verified they could afford the loan. That risk has always been there as anyone who defaults is unlikley to be have funds to repay in any case. Ok in the odd case they might be able to get something back later but I don't think it changes their risk significantly. These products usually have a risk factor (higher rates) priced into the product anyway.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Really? London (asking) prices higher than they've ever been in the face of a banking crisis and a recession?
Anything's possible I guess.
or that the doom mongering was over done and that there is/has been excess cash (London) and scope in the economy (London) to reflect this.
talk of 150,000 being made unemployed in the City did not materialise and it was a fraction of this in the end.
from where i am it seems that it was most definately over done. it's been tough for many people but too many people factored in the worst case scenario which it hasn't been no where near.0
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